Docusign stock price forecast short-term traders eyeing the docusign

Short-term traders eyeing the docusign stock price forecast note that a support zone at $53 has been tested twice this quarter, highlighting strong buyer interest in that region. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for DocuSign. To try and reinvigorate its business, the company has been transitioning from simply being an e-signature services provider to selling a more comprehensive offering -- its Intelligent Agreement Management (IAM) platform. During the quarter, the company said more than half its account reps closed at least one IAM deal, and it expects to end its fiscal year with IAM customers representing a low double-digit percentage of its subscriptions. It's also continuing to innovate in this area, with new artificial intelligence (AI) capabilities, including custom extractions and agreement preparation. The latest docusign stock price forecast shows moderate upside potential, with analysts setting a 12-month target range between $52 and $66, based on expected SaaS market growth and document digitization trends. Current trading levels hover around $55, reflecting solid Q1 earnings momentum.