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DOCUDocuSign, Inc.Sell5.3·$44.59-3.40%
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DocuSign, Inc. (DOCU) Stock Analysis

SellVALUE-TRAP 1/5Moderate Confidence

Technology · Software - Application

Sell if holding. Momentum 2.6/10 is below the 5.0 floor at $44.59 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Negative momentum; Sector modifier (Technology): -0.8.

DocuSign provides e-signature, Intelligent Agreement Management (IAM), and CLM software to 1.8M+ customers globally, with 98% subscription revenue and no single customer accounting for more than 10% of revenue. International revenue is 29% of total; IAM represented 10.8% of ARR... Read more

$44.59+18.7% A.UpsideScore 5.3/10#80 of 98 Software - Application
QualityF-score8 / 9FCF yield14.53%
Stop $42.45Target $53.49(analyst − 10%)A.R:R 1.5:1
Analyst target$59.44+33.3%18 analysts
$53.49our TP
$44.59price
$59.44mean
$90

Sell if holding. Momentum 2.6/10 is below the 5.0 floor at $44.59 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Negative momentum; Sector modifier (Technology): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.3/10, moderate confidence.

Passes 6/9 gates (favorable risk/reward ratio, clean insider activity, news boost analyst 0.50, earnings proximity 85d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: moderate.

10-K grounded · weekly refresh

About DocuSign, Inc.

About DocuSign, Inc.

DocuSign's agreement-management platform counted over 1.8 million customers and more than a billion users globally as of January 31, 2026, with subscriptions accounting for 98% of total revenue. International markets contributed 29% of total revenue in fiscal 2026, up from 26% in fiscal 2024, and the IAM platform — launched in April 2024 — represented 10.8% of annual recurring revenue, with more than 25,000 customers enrolled.

DocuSign's revenue is almost entirely time-based subscriptions, typically one-to-three years in length, with substantially all multi-year customers paying annually in advance. The eSignature product accounts for the substantial majority of subscription revenue and is expected to remain the dominant revenue source for the foreseeable future. The newer IAM platform bundles eSignature with Navigator (an AI-powered contract repository), Maestro (a no-code workflow builder), and Agreement Desk, sold at multiple pricing tiers. Go-to-market runs through three channels: a direct sales force targeting enterprise and commercial accounts, partner programs with deep integrations at Microsoft, SAP, Salesforce, Google, ServiceNow, and Workday, and a digital self-service channel that grew faster than overall revenue in fiscal 2026. The company faces competition from Adobe Acrobat Sign in core e-signature and, increasingly, from large language model solutions and vibe-coded applications entering the contract analytics space.

Show full overview

DocuSign's platform intersects multiple regulatory regimes simultaneously: the IAM platform achieved FedRAMP Moderate authorization in fiscal 2026, enabling federal agency sales, while Docusign France operates as a qualified Trust Service Provider listed on the French ANSSI register, supporting EU eIDAS advanced and qualified signatures. U.S. data-handling is subject to oversight by the FTC, the HHS Office for Civil Rights (for health information), and state attorneys general. Any compliance lapse with FedRAMP, eIDAS, or FDA 21 CFR Part 11 requirements could trigger loss of certification and customer attrition in regulated verticals.

See also: Technology · Software - Application

From DocuSign, Inc.'s most recent 10-K filing, extracted June 9, 2026.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-10
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Sep 3, 202685d to earnings· next earnings call

Thesis

Rewards
Strong earnings beat streak (4/4)
Attractive valuation
Wide economic moat
Risks
Sector modifier (Technology): -0.8
Negative momentum
Below 200-MA, MA slope -6.2%/30d (confirmed downtrend)

Key Metrics

P/E (TTM)29.3
P/E (Fwd)8.9
Mkt Cap$8.6B
EV/EBITDA20.6
Profit Mgn9.6%
ROE16.4%
Rev Growth8.7%
Beta0.88
DividendNone
Rating analysts29

Quality Signals

Piotroski F8/9MoatWideCompounder

Options Flow

P/C1.44bearish
IV67%elevated
Max Pain$25-43.9% vs spot

Material Events(8-K, last 90d)

  • 2026-05-06Item 5.02LOW
    Rowan Trollope appointed to Board of Directors effective May 2, 2026 to fill existing vacancy. Serves as Class III director until 2027 Annual Meeting. No reason cited for vacancy.
    SEC filing →
  • 2026-03-06Item 5.02LOW
    Brian Roberts appointed to Board effective March 5, 2026 to fill existing vacancy. Serves as Class I director until 2028 Annual Meeting. Qualifies as independent director. No reason cited for vacancy.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Macd
0.0
Obv
1.0
Ma Position
1.0
Rsi
4.5
Volume
6.3
Volume distribution (falling OBV)Below 200-MA, MA slope -6.2%/30d — confirmed downtrend

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
2.4
Value Rank
5.8
Quality Rank
5.9
GatesMomentum 2.6<4.5Death cross (50MA < 200MA)Executive change: officer departure/appointmentA.R:R 1.5 ≥ 1.5Insider activity: OKNEWS BOOST ANALYST 0.50EARNINGS PROXIMITY 85d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Moderate
RSI
41 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $43.76Resistance $57.29

Price Targets

$42
$53
A.Upside+20.0%
A.R:R1.5:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeRisk-Off

Risk Alerts

! momentum at 2.6 (below the engine's 4.5 threshold)
! Death cross — 50-day MA below 200-day MA

Earnings

B
B
B
B
4/4 beats
Next Earnings2026-09-03 (85d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is DOCU stock a buy right now?

Sell if holding. Momentum 2.6/10 is below the 5.0 floor at $44.59 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Negative momentum; Sector modifier (Technology): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $42.45. Score 5.3/10, moderate confidence.

What is the DOCU stock price target?

Take-profit target: $53.49 (+18.7% upside). Prior stop was $42.45. Stop-loss: $42.45.

What are the risks of investing in DOCU?

Sector modifier (Technology): -0.8; Negative momentum; Below 200-MA, MA slope -6.2%/30d (confirmed downtrend).

Is DOCU overvalued or undervalued?

DocuSign, Inc. trades at a P/E of 29.3 (forward 8.9). TrendMatrix value score: 7.1/10. Verdict: Sell.

What do analysts say about DOCU?

29 analysts cover DOCU with a consensus score of 3.4/5. Average price target: $59.

What does DocuSign, Inc. do?DocuSign provides e-signature, Intelligent Agreement Management (IAM), and CLM software to 1.8M+ customers globally,...

DocuSign provides e-signature, Intelligent Agreement Management (IAM), and CLM software to 1.8M+ customers globally, with 98% subscription revenue and no single customer accounting for more than 10% of revenue. International revenue is 29% of total; IAM represented 10.8% of ARR as of January 2026. The company is migrating production services to Microsoft Azure Cloud.

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