DocuSign, Inc.

NasdaqGS:DOCU 株式レポート

時価総額：US$9.4b

DocuSign 将来の成長

Future 基準チェック /26

DocuSign利益と収益がそれぞれ年間13.8%と6.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に29.5% 14.3%なると予測されています。

主要情報

13.8%

収益成長率

14.35%

EPS成長率

Software 収益成長19.0%
収益成長率6.7%
将来の株主資本利益率29.50%
アナリストカバレッジ

Good

最終更新日17 Apr 2026

今後の成長に関する最新情報

Recent updates

Seeking Alpha • May 03

Docusign: Beware The High Stock-Based Compensation That Makes This A Value Trap

Summary Docusign appears optically cheap, but true economics are obscured by stock-based compensation consuming nearly 20% of revenue. After adjusting for SBC, DOCU's economic free cash flow is ~$378M, implying a 20x EV/FCF multiple versus the headline 8x. Competitive risk from Microsoft, Adobe, and Google threatens DOCU's growth, with dollar net retention stagnant at 102%. I rate DOCU a 'strong sell' due to limited upsell traction, flat sequential guidance, and insufficient margin of safety. Read the full article on Seeking Alpha
ナラティブ更新 • Apr 28

DOCU: AI Pricing Tests And New Workflows Will Drive Future Re Rating

Analysts have trimmed DocuSign's average price target by a wide margin, cutting it by more than $20 in several cases. They are reassessing the stock's risk profile and growth outlook in light of recent downgrades and cautious commentary on application software and AI related headwinds.
ナラティブ更新 • Apr 14

DOCU: AI Pricing Experiments Will Support Future Bullish Re Rating

DocuSign's updated fair value estimate shifts from $78.28 to $60.16 as analysts trim assumed future P/E multiples, despite slightly more constructive views on revenue growth, profit margins, and pricing experiments highlighted in recent research. Analyst Commentary Recent Street research paints a mixed picture for DocuSign, with several firms cutting price targets and ratings while a few see room for upside tied to product and pricing initiatives.
ナラティブ更新 • Mar 31

DOCU: AI Monetisation And Margin Discipline Will Drive Future Upside Potential

DocuSign's updated fair value estimate shifts to $94.10 from $117.02 as analysts cut price targets across the Street. This reflects adjusted assumptions for future P/E, discount rate, growth expectations and profitability in light of recent research commentary.
分析記事 • Mar 25

Some Investors May Be Willing To Look Past DocuSign's (NASDAQ:DOCU) Soft Earnings

Shareholders appeared unconcerned with DocuSign, Inc.'s ( NASDAQ:DOCU ) lackluster earnings report last week. We think...
ナラティブ更新 • Mar 17

DOCU: AI Pricing Tests And Agreement Automation Will Support Future Bullish Re Rating

Analysts have trimmed DocuSign's fair value estimate from about $85.11 to $78.28 as they factor in lower assumed long term growth and margins, ongoing AI related competitive concerns, and uncertainty around the potential impact of recently uncovered A/B pricing tests on the Professional tier. Analyst Commentary Recent research on DocuSign highlights a split view, with some analysts focusing on potential upside from product and pricing changes, while others emphasize competitive and growth risks tied to AI and the broader applications software group.
ナラティブ更新 • Mar 02

DOCU: AI Execution And Margin Strength Will Drive Future Upside Potential

Narrative Update on DocuSign We are trimming our DocuSign fair value estimate slightly from $118.15 to $117.02 as analysts factor in softer revenue growth expectations, higher perceived risk from AI related competition, and lower future P/E multiples, partly offset by higher assumed profit margins. Analyst Commentary Recent Street research on DocuSign reflects a more cautious stance, with several firms reassessing revenue growth expectations, competitive pressure from AI enabled alternatives, and the multiples they are willing to apply to the stock.
ナラティブ更新 • Feb 16

DOCU: AI Agreement Platform And Reset Expectations Will Support Future Upside

Analysts have reset their price target on DocuSign from $70 to $53, citing updated expectations for revenue growth, profit margins, and a lower future P/E multiple that together point to a more conservative valuation framework. Analyst Commentary Bearish analysts are signaling a more cautious stance on DocuSign, with the latest reset in price targets reflecting concerns around how the business might balance growth ambitions with profitability and valuation discipline.
ナラティブ更新 • Feb 02

DOCU: AI Expansion And Buybacks Will Support Future Bullish Re Rating

Analysts have trimmed their DocuSign fair value estimate by about $1 to roughly $85, reflecting slightly lower assumed future P/E while keeping revenue growth and profit margin expectations largely unchanged. Analyst Commentary Analysts see the modest trim to DocuSign’s fair value estimate as more about a reset in assumed P/E than a shift in the fundamental outlook for growth or margins.
ナラティブ更新 • Jan 19

DOCU: AI Agreement Tools And Buyback Program Will Support Future Upside

Analysts have trimmed their DocuSign fair value estimate from US$72.97 to US$70.00, reflecting slightly higher discount rate assumptions and a lower future P/E multiple, even as they model modest improvements in revenue growth and profit margins. Analyst Commentary With the fair value estimate now at US$70.00, bearish analysts are signaling that the risk and return trade off for DocuSign looks less compelling than before, even as they factor in modest improvements in growth and profitability.
ナラティブ更新 • Jan 05

DOCU: Buyback Completion And AI Expansion Will Support Future Upside

Analysts now place DocuSign's price target at about $73, down from roughly $77, citing updated assumptions that combine slightly higher projected revenue growth and profit margins with a lower future P/E multiple and a modestly higher discount rate. What's in the News Buyout rumor flagged in a Betaville blog alert focused on takeover situations, with contacts citing an alert to subscribers about DocuSign (The Fly / Betaville rumor).
分析記事 • Jan 03

DocuSign (NASDAQ:DOCU) Is Looking To Continue Growing Its Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
ナラティブ更新 • Dec 20

DOCU: Potential Buyout Rumor Will Support Future Bullish Re-Rating

Analysts have lowered their price target on DocuSign to approximately 86.50 dollars from about 87.88 dollars. This change reflects slightly softer long term revenue growth assumptions, partially offset by improved margin expectations and a lower projected valuation multiple.
ナラティブ更新 • Dec 06

DOCU: Margin Expansion And Buyback Activity Will Support Bullish Re-Rating Outlook

Analysts have modestly reduced their price target on DocuSign, trimming fair value estimates by about $5 to reflect slightly softer revenue growth assumptions and a higher discount rate, which are partially offset by improved long term profitability expectations and a lower projected earnings multiple. Analyst Commentary Analysts describe the latest price target adjustment for DocuSign as more of a recalibration than a fundamental shift in thesis, with the stock still viewed as a solid, albeit more mature, growth story.
ナラティブ更新 • Sep 06

International IAM Launch Will Open New Markets But Encounters AI And Economic Uncertainties

DocuSign's analyst price target has been revised upward to $92.87, reflecting stronger-than-expected Q2 results, improving net retention rates, successful platform innovations, and a recovery in renewal activity, with some caution persisting as analysts await further sustained execution. Analyst Commentary Bullish analysts cite stronger-than-expected Q2 results with beats on revenue, subscription revenue, billings, and non-GAAP operating margin, reflecting improved execution and outperformance of guidance.
分析記事 • Jul 31

Should You Be Adding DocuSign (NASDAQ:DOCU) To Your Watchlist Today?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
分析記事 • May 12

DocuSign, Inc.'s (NASDAQ:DOCU) Business Is Trailing The Industry But Its Shares Aren't

You may think that with a price-to-sales (or "P/S") ratio of 5.7x DocuSign, Inc. ( NASDAQ:DOCU ) is a stock to...
Seeking Alpha • Mar 14

Docusign: Growth Is Too Low, Valuation Isn't Low Enough

Summary Docusign reported mixed Q4 and fiscal 2025 results, with slight EPS and revenue beats but lower-than-expected revenue estimates for Q1 and the full year. Despite high margins and improving free cash flow, Docusign's slowed revenue growth and Rule of 40 score of just under 40% leads me to rate it as a Hold. The company's IAM platform shows growth potential but remains a small part of the business. With a forward P/E ratio of ~22x and single-digit growth, the stock isn't attractive enough for value or growth investors, placing it in an awkward investment position. Read the full article on Seeking Alpha
Seeking Alpha • Feb 11

DocuSign Stock: Don't Sign Me Up

Summary The technicals are mixed in their signalling and generally show indecisiveness and uncertainty in DocuSign stock. Most recent earnings show that the fundamentals are weak as revenue growth is at rock bottom levels while FCF growth has turned negative. The P/S and P/FCF ratios show that DOCU stock is currently overvalued, as there is a significant disconnect with their respective growth rates. DocuSign stock is a sell since the technicals are mixed and the fundamentals are unattractive. Read the full article on Seeking Alpha
Seeking Alpha • Jan 17

DocuSign: Why $92 Per Share Is A Bargain

Summary DocuSign, Inc.'s stock at $92 per share is a compelling entry point with a favorable risk-reward profile that investors are overlooking. I value that DocuSign is profitable, with non-GAAP operating margins on track to hit 33% next fiscal year. I like that DocuSign is transitioning from just eSignatures to a broader agreement management platform, which opens up new growth opportunities. I believe paying 21x forward free cash flow for a company of this caliber is a solid deal. Read the full article on Seeking Alpha
Seeking Alpha • Jan 09

DocuSign: Not Signing Up After The Rally

Summary DocuSign shares have doubled over the past six months, driven by operating leverage and margin improvements, but current valuations are demanding. Despite sales growth and margin expansion, competition from Adobe and potential entrants like Microsoft and Alphabet pose significant risks. DocuSign's acquisition of Lexicon and continued sales growth highlight strategic moves, yet high earnings multiples remain concerns. While operating margins are likely to improve, the stock's high valuation and competitive threats warrant a cautious investment approach. Read the full article on Seeking Alpha
Seeking Alpha • Dec 30

DocuSign: High-Quality Operation But Low Growth Prospects

Summary DocuSign operates in a niche market with a $50 billion TAM, offering significant growth potential by replacing legacy processes and tools. The DocuSign Agreement Cloud simplifies and automates bureaucratic processes with over 900 integrations, reducing costs and errors. Competition from established players such as Adobe is strong, which translates into lower growth. Despite a high-quality operation, DocuSign expected growth implies low returns for the future. Read the full article on Seeking Alpha
Seeking Alpha • Dec 09

DocuSign: This Is The Perfect Time To Sell (Rating Downgrade)

Summary DocuSign reported strong Q3 results last week, beating earnings and revenue estimates, causing shares to surge 28% on Friday. Despite strong performance and AI traction, DocuSign's high valuation and moderate top-line growth pose significant risks, leading me to downgrade the stock to sell. DocuSign's valuation at a price-to-revenue ratio of 6.9X is high, especially given competition from heavyweights like Adobe. I see an unattractive risk profile for investor after Friday's surge and considerable correction risks in the short term. Read the full article on Seeking Alpha
Seeking Alpha • Dec 03

DocuSign Q3 Preview: Incredible Turnaround, 2025 Looks Strong

Summary DocuSign, Inc. is a strong buy due to its impressive growth, AI contract management innovations, and consistent earnings beats, with a 100% hit rate over the last 8 quarters. New leadership and strategic partnerships, such as with Legitify, are expected to drive further growth and market expansion, particularly in Europe and real estate. Despite strong performance and growth potential, DocuSign's forward GAAP P/E is significantly below the sector median, suggesting substantial upside potential if the market revalues the stock at the sector median. Heading into FY Q3 earnings, I am bullish on DocuSign's future, expecting strong earnings to act as a catalyst for further DOCU share price appreciation. Read the full article on Seeking Alpha
Seeking Alpha • Nov 26

DocuSign Q2: Focusing On International Expansion; Reiterate 'Buy' Rating

Summary DocuSign's stock surged 59% since July 2024, driven by the launch of its Intelligent Agreement Management ('IAM') platform and strong revenue growth. The IAM platform, initially launched in the US, Canada, and Australia, shows significant potential, with plans for broader rollout and international expansion. Direct customer growth rose 12% year-over-year, with large customers spending over $300,000 annually, indicating strong market resonance and future growth potential. Despite high stock-based compensation costs, I reiterate a 'Buy' rating for DocuSign with a fair value of $88 per share. Read the full article on Seeking Alpha

業績と収益の成長予測

NasdaqGS:DOCU - アナリストの将来予測と過去の財務データ ( )USD Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
1/31/20294,0014821,367N/A8
1/31/20283,7504151,2371,35320
1/31/20273,4903451,1241,22120
1/31/20263,2203091,0591,165N/A
10/31/20253,1593029881,096N/A
7/31/20253,0952819361,040N/A
4/30/20253,0311,1069161,014N/A
1/31/20252,9771,0689201,017N/A
10/31/20242,9131,012889980N/A
7/31/20242,8589889191,010N/A
4/30/20242,8101079051,001N/A
1/31/20242,76274887980N/A
10/31/20232,70952752846N/A
7/31/20232,654-17547634N/A
4/30/20232,589-70469544N/A
1/31/20232,516-97429507N/A
10/31/20222,437-133386457N/A
7/31/20222,337-109440510N/A
4/30/20222,227-89497567N/A
1/31/20222,107-70445506N/A
10/31/20211,957-112419481N/A
7/31/20211,795-165367433N/A
4/30/20211,625-204305373N/A
1/31/20211,453-243215297N/A
10/31/20201,297-218186280N/A
7/31/20201,164-206134221N/A
4/30/20201,057-21046129N/A
1/31/2020974-20844116N/A
10/31/2019899-227N/A104N/A
7/31/2019828-233N/A110N/A
4/30/2019759-201N/A107N/A
1/31/2019701-427N/A76N/A
10/31/2018650-367N/A74N/A
7/31/2018602-329N/A81N/A
4/30/2018561-305N/A71N/A
1/31/2018519-54N/A55N/A
1/31/2017381-117N/A-5N/A
1/31/2016250-124N/A-68N/A

アナリストによる今後の成長予測

収入対貯蓄率: DOCUの予測収益成長率 (年間13.8% ) は 貯蓄率 ( 3.5% ) を上回っています。

収益対市場: DOCUの収益 ( 13.8% ) US市場 ( 16.4% ) よりも低い成長が予測されています。

高成長収益: DOCUの収益は増加すると予測されていますが、大幅には増加しません。

収益対市場: DOCUの収益 ( 6.7% ) US市場 ( 11.4% ) よりも低い成長が予測されています。

高い収益成長: DOCUの収益 ( 6.7% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: DOCUの 自己資本利益率 は、3年後には高くなると予測されています ( 29.5 %)

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/06 13:53
終値2026/05/06 00:00
収益2026/01/31
年間収益2026/01/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

DocuSign, Inc. 20 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。33

アナリスト機関
William PowerBaird
Bradley SillsBofA Global Research
Matthew BullockBofA Global Research