DocuSign (DOCU) Shares Pop on Restructuring Plan, 9% Staff Cuts
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DocuSign Inc. (DOCU) Restructuring Timing 'Interesting' According to Analyst
September 29, 2022 12:52 PM EDTWolfe Research cut its price target on shares of DocuSign Inc. (NASDAQ: DOCU) to $44 from $53, reiterating an Underperform rating on Thursday, in reaction to the news that the company authorized a restructuring plan that will reduce the current workforce by approximately 9%.
Analyst Alex Zukin told investors in a research article that the company estimates it will incur charges of approximately $30-$40M in connection with... More
IBM (IBM) Not Immune to Macro Headwinds- UBS
September 28, 2022 2:05 PM EDTUBS cut IBM's price target to $112 from $118 on Wednesday, maintaining a Sell rating on the stock, stating the company is not immune to macro.
Analyst David Vogt also lowered estimates as they believe consulting revenue growth is likely to slow faster than expected, IBM is facing incremental FX headwinds, and margins... More
