DocuSign upgraded, Dover downgraded by Wall Street Zen

Wall Street Zen raised its rating on DocuSign (NASDAQ:DOCU) from "buy" to "strong‑buy" in a recent note. The upgrade accompanies a price target of $60 and follows the company’s latest earnings report, which posted $1.09 earnings per share and $830.2 million in revenue, beating analysts’ expectations and showing 8.7% year‑over‑year growth.

The same research firm lowered its rating on Dover (NYSE:DOV) from "buy" to "hold" and set a $238 price objective. Dover’s quarterly results showed earnings of $2.74 per share and revenue of $2.19 billion, slightly missing consensus estimates but reflecting a 6.8% increase from the prior year. Other analysts have issued mixed ratings for both companies, with DocuSign averaging a "hold" rating and Dover an average "moderate buy" rating across market‑beat reports.