So, DocuSign Inc. (DOCU) decided to give its stock a little pick-me-up on Tuesday. How? By teaming up with a hot AI shop. The company announced a partnership with Anthropic to bake some artificial intelligence magic—specifically, Anthropic's "Cowork" technology—into its Intelligent Agreement Management platform. The stock responded by climbing more than 5%, which is a pretty nice day, especially when you consider the broader market was sort of meandering sideways.

It's one of those days where the Nasdaq was down a touch (0.13%) and the S&P 500 dipped 0.28%, but the tech sector managed to eke out a minor gain. So, DocuSign's pop stands out. The partnership isn't just about slapping a chatbot on a website. The idea is to move from simply summarizing contracts to actually doing stuff with them. Think drafting agreements or routing them for review based on simple, natural language commands. DocuSign's CEO, Allan Thygesen, framed it as a trust and scale play for big companies.

"DocuSign and Anthropic are raising the bar for agreement actions," Thygesen said. "What Docusign brings to agentic experiences like Cowork is deep context across all business agreements — the intelligent workflows that know how to act on that context and the trust, security, and scale enterprises expect." In short, they're trying to make the boring, painful process of managing contracts a bit less painful and a lot more automated, without freaking out the corporate security team.

Technical Analysis

Now, let's talk about the stock's chart, because the daily price action is only part of the story. Despite Tuesday's gain, the technical picture suggests DocuSign has been having a rough time. The stock is currently trading about 4.5% below its 20-day simple moving average and a more concerning 10.2% below its 100-day average. That's generally not a sign of robust health. Over the past year, shares have taken a significant haircut and are currently hanging out much closer to their 52-week low ($40.42) than their high.

The momentum indicators are sending mixed signals. The Relative Strength Index (RSI) is sitting right at 50, which is the definition of neutral—not overbought, not oversold. Meanwhile, the MACD is at 0.10, which is below its signal line of 0.15. That's typically read as a bearish signal. So you've got neutral short-term momentum from the RSI but underlying bearish pressure from the MACD. Traders often watch key price levels in these situations. For DocuSign, resistance is seen around $45.00, while support sits near $40.50.

Earnings & Analyst Outlook

Looking ahead, the next big date for DocuSign is March 12, 2026, when it's scheduled to report earnings. The expectations heading into that are a bit of a mixed bag themselves. The consensus estimate for earnings per share (EPS) is 71 cents, which is down from the previous 86 cents. On the revenue side, however, the estimate is $828.21 million, up from $776.25 million. The company's valuation, based on a P/E ratio of 29.2x, still suggests investors are paying a premium for the stock.

What are the pros saying? The analyst consensus is a pretty lukewarm "Hold," with an average price target of $81.00. But recent actions tell a more nuanced story of caution. Jefferies downgraded the stock to Hold on February 23 and slashed its price target to $45.00. BTIG maintained a Buy rating on February 18 but also lowered its target, to $70.00. RBC Capital kept its Sector Perform rating on January 5 and trimmed its target to $70.00 as well. So, while some are still bullish, the recent trend has been one of target reductions.

DOCU Price Action: When all was said and done on Tuesday, DocuSign shares were up 5.15%, trading at $43.90. That leaves it not far from that 52-week low we mentioned, a reminder that one good day on partnership news doesn't erase a longer-term trend.