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Fly News Breaks for June 7, 2019
DOCU
Jun 7, 2019 | 06:21 EDT
Piper Jaffray analyst Alex Zukin lowered his price target for DocuSign to $53 from $65 saying the company reported "mixed" fiscal Q1 results, driven by an in-line billings quarter and a lower magnitude revenue beat. The analyst, however, does not see any changes to the fundamental narrative or the company's longer term growth trajectory. As such, he would be using weakness in the shares today as a buying opportunity. Zukin keeps an Overweight rating on DocuSign.
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