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Why DocuSign Stock Popped Today

Why DocuSign Stock Popped Today

Shares of the electronic signature company DocuSign (NASDAQ: DOCU) rose today after a price target increase from an analyst. DocuSign investors were responding to a note that Wedbush analyst Daniel Ives published today, in which Ives raised the company's price target from $260 to $290. Ives mentioned that his optimism comes from his expectation that DocuSign will continue to get more deals with companies through fiscal 2022.