Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. ![]() Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Nonetheless, with an average price target of $64.09, DocuSign stock offers investors a healthy 25.52% upside potential.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. With three Buy ratings, three Sells, and seven Holds, DocuSign stock is considered a Hold by analyst consensus. ![]() Even DocuSign’s projections proved winners.Īnalysts, however, are somewhat divided. ![]() That nicely underscores Ives’ key point about a “sticky install base” and should be going farther than it is to keep businesses in the fold. ![]() Ives declared that DocuSign was continuing to “…put its foot on the gas” and delivering value to investors with “…continued product innovation to deepen its product lineup and differentiate its offerings of agreement workflow products.” Ives also hailed DocuSign’s approach to “omnichannel” marketing, a valuable approach for any business that wants to reach the largest amounts of people and maintain that “sticky install base” that Ives also hailed.ĭocuSign indeed delivered quite a quarter, bringing in beats for both revenue and earnings and showing off an impressive quantity of subscription revenue. But in Friday afternoon’s trading, the gains DocuSign posted in the premarket were lost, and DocuSign turned red.ĭan Ives, analyst with Wedbush Securities, found fault with little of what DocuSign brought out. The electronic document signing operation posted winning results and garnered some very positive analyst remarks. Things were looking good for DocuSign ( NASDAQ:DOCU) for a while there.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |