DocuSign (DOCU) Stock: Why It Fell Over 3% Today

By Amit Chowdhry ● Aug 22, 2022
  • The stock price of DocuSign (DOCU) fell by over 3% during intraday trading today. This is why.

The stock price of DocuSign (DOCU) fell by over 3% during intraday trading today. Investors are responding to a bearish research report.

RBC Capital Markets analyst Rishi Jaluria downgraded the shares of DocuSign for several reasons. This includes the company having a long path to turn around, which is on hold without a CEO; several execution issues and high employee turnover; a tough near-term setup as the 2024 numbers likely need to come down; and the company needs to build credibility with investors, making the turnaround tough to get behind.