DOCU · NASDAQ · STOCK
Docusign (DOCU) Stock Analysis
$71.07
52W $40.16 – $75.00
59/100
$13.57B
42.6
0.86
Is DOCU Bullish or Bearish?
Bullish.
Innellis AI committee rates Docusign (DOCU) Buy with a composite score of 59/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +16.32 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -3.68 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 17.7% shows genuine earnings power backing the valuation — Value
- 5 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
Bear Case
- P/E of 39.9 is moderate-to-rich — Value
- Price-to-book of 5.4x prices in significant intangible value — Value
- MACD histogram negative -- bearish momentum — Technical
- Weekly RSI at 76 -- overbought on the larger timeframe too — Technical
- Current ratio of 0.73 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
59/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 49%
of 287 Technology peers
Value Analyst
neutral
54
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 17.7% shows genuine earnings power backing the valuation
− P/E of 39.9 is moderate-to-rich
Growth Analyst
bullish
60
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ 5 consecutive earnings beats -- consistent execution
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Current ratio of 0.73 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 58.7 to 58.7.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
62.5
Neutral
MACD Histogram
-0.073
Bearish Momentum
Trend Direction
Uptrend
Weekly: Sideways
Market Structure
Mixed
Support
$71.00
Resistance
$72.33
Bollinger %B
0.81
Inside Bands
Price vs Moving Averages
EMA 9
$69.57
Above
EMA 21
$68.33
Above
EMA 50
$64.44
Above
EMA 200
$58.79
Above
Fundamental Analysis
Valuation
17
Growth
81
Profitability
76
Financial Health
50
Cash Flow
70
Valuation
P/E Ratio
42.6×
P/B Ratio
7.91×
PEG Ratio
2.03
Dividend Yield
0.00%
52W High
$75.00
52W Low
$40.16
Quality & Growth
ROE
1611.6%
ROA
730.8%
Gross Margin
7948.7%
Operating Margin
1196.1%
Revenue Growth YoY
—
Debt / Equity
0.11
AI Fundamental Assessment
P/E ratio of 42.6 (rich relative to a 15-40x range); Price-to-book of 7.9x; PEG ratio of 2.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 16.1%; Return on assets of 7.3%; Net margin of 9.8%; Gross margin of 79.5%; Current ratio of 0.64 (tight short-term liquidity); Debt-to-equity of 0.11; Free cash flow per share is positive (6.27); Most recent quarter beat estimates by 4.7%; 5 consecutive earnings beats; EPS growth roughly steady (+7.9% -> +6.4% QoQ); Average YoY EPS growth of 26.1%; Analyst estimates rising over recent quarters
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