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Why DocuSign Stock Popped Today


Shares of DocuSign (NASDAQ: DOCU) rose on Thursday following an analyst upgrade. As of 2:30 p.m. EST, the digital-agreement technology company's stock price was up more than 6%. 

Piper Sandler analyst Rob Owens raised his rating on DocuSign's stock from neutral to overweight and boosted his price projection from $225 to $300. His new estimate suggests investors could be in store for gains of approximately 26% from the stock's current price near $238.

DocuSign's stock has plenty of upside ahead, according to Piper Sandler analyst Rob Owens. Image source: Getty Images.

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Source Fool.com

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