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Fly News Breaks for December 6, 2019
DOCU
Dec 6, 2019 | 06:10 EDT
JMP Securities analyst Patrick Walravens raised his price target on DocuSign to $86 and kept his Outperform rating after its Q3 earnings beat, raised guidance, and accelerating subscription revenue. The analyst maintains his view of the company as a "solid opportunity" thanks to its competitive differentiation, its "responsible" balance of growth and profitability under, and a "major opportunity" for federal contracts as it completes a level 4 data center build-out.
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