Docusign stock price forecast recent earnings beat Wall Street’s EPS

Recent earnings beat Wall Street’s EPS expectations by $0.05, positively influencing the docusign stock price forecast. Momentum indicators like the RSI remain in the mid-50s, suggesting more room for upward movement. Even after such a large jump in price, it's still not a stretch to say that DocuSign's price-to-sales (or "P/S") ratio of 4.8x right now seems quite "middle-of-the-road" compared to the Software industry in the United States, where the median P/S ratio is around 4.4x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S. “The fall season is off to a positive start. Fueled by stronger product offerings and the success of recent marketing campaigns with Sydney Sweeney and Travis Kelce, we have seen an uptick in customer awareness, engagement and comparable sales,” Schottenstein said in the results release.