Taking a bullish stance on the market for the electronic signatures market, Daiwa Capital analyst Stephen Bersey on Monday launched coverage of DocuSign with a Buy rating and $239 target price, about 20% above last week’s close at just over $200.
While he conceded the DocuSign (ticker: DOCU) stock isn’t statistically cheap, Bersey is bullish on its long-term growth prospects.
“As…
