• DocuSign's third quarter fiscal 2026 results exceeded Wall Street expectations with revenue of $818 million and adjusted earnings per share of $1.01.
• The company has increased its full-year revenue outlook to approximately $3.21 billion, indicating positive growth in its subscription services.
• Despite a strong financial performance, Wedbush adjusted DocuSign's rating to Neutral and lowered its price target from $85 to $75.

DocuSign (NASDAQ:DOCU) is a leading provider of electronic signature technology and digital transaction management services. The company has expanded its offerings to include the Intelligent Agreement Management (IAM) platform, which has gained significant traction with over 25,000 customers. DocuSign competes with other digital document service providers, but its consistent performance and innovative solutions set it apart.

On December 5, 2025, Wedbush adjusted its rating for DocuSign to Neutral, maintaining its previous grade and recommending investors hold the stock. At the time, the stock price was $71.10. Despite the company's strong financial performance, Wedbush lowered DocuSign's price target from $85 to $75, as highlighted by TheFly.

DocuSign reported its third quarter fiscal 2026 results on December 4, 2025, surpassing Wall Street expectations. The company achieved revenue of $818 million, exceeding the consensus estimate of $807 million. Adjusted earnings per share were $1.01, 11% higher than anticipated. This marks the eighth consecutive quarter of beating earnings expectations, showcasing a consistent trend.

The revenue beat was driven by subscription revenue, which increased by 9% year over year to $801 million. This segment remains the core of DocuSign's business. The company's IAM platform has also seen significant growth, indicating strong adoption beyond traditional e-signature services. DocuSign's cash generation has improved, reflecting robust financial health.

DocuSign has increased its full-year revenue outlook to approximately $3.21 billion, up from its previous range of $3.19 billion to $3.20 billion. This adjustment reflects growth in subscriptions, indicating a positive trend in its digital document-signing services. The stock is currently priced at $71.10, with a market capitalization of approximately $14.3 billion.