DocuSign Stock Soars on Strong Earnings and Positive Analyst Outlook

Docusign's stock surged by 28.7% after the company reported better-than-expected third-quarter earnings and provided strong guidance for the full year. The company saw an 8% revenue growth to $754.8 million and non-GAAP earnings per share of $0.90, surpassing analyst expectations. Docusign's projected billings for Q4 are between $870 million to $880 million, indicating positive investor sentiment. Despite the rally, the stock remains over 70% below its 2021 peak, and some caution is advised due to its current valuation.