Docusign (DOCU)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$68.41+3.70%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
Research Workspace
Put DOCU beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Application Software is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating margin near 30% in fiscal 2026: 12.0% vs ~29.9% target.
View ThesisRevenue is growing steadily — about 8% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 7%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 51% in its worst 12-month stretch.
View RiskDOCU's growth relies on expanding its AI-native Intelligent Agreement Management (IAM) platform. Revenue grew 9% year over year, and the latest quarter beat expectations significantly. It trades at 20× P/E versus a peer median of 27×, indicating that the price reflects less growth than anticipated. If DOCU cuts guidance on the next call, that could negatively impact the stock. Peer multiples imply a price about 22% above where it trades. Our read remains intact.
Trailing returns as of 2026-09-04. DOCU is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 21 analysts currently covering DOCU (as of Sep 2026).
Based on 8 Wall Street analysts offering 12-month price targets for DOCU in the last 4 months.
Continue this research
Compare DOCU with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| DOCU Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Application Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put DOCU next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand AI-native Intelligent Agreement Management (IAM) platform
Increased IAM share supports revenue growth and product expansion.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $68.41
The last 12 months of price, then the range of analyst 12-month targets from today’s $68.41.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Expand AI-native Intelligent Agreement Management (IAM) platform
AI platform expansion aligns with management's growth strategy.
Advances: Enhance free cash flow and cash generation
Rebounding net retention rates enhance free cash flow outlook.
Increased price target reflects positive customer growth expectations.
Advances: Expand AI-native Intelligent Agreement Management (IAM) platform
Morgan Stanley's target raise reflects confidence in IAM progress.
Advances: Drive revenue growth with 8-9% YoY increase
Evercore ISI's target raise indicates strong revenue growth.
Advances: Expand AI-native Intelligent Agreement Management (IAM) platform
Strong results from IAM momentum support growth objectives.
Advances: Drive revenue growth with 8-9% YoY increase
FY2027 ARR growth aligns with revenue growth target.
