Citi just downgraded DocuSign. Should you dump DOCU shares here?
Investors are abandoning San Francisco-based DocuSign (DOCU) on Friday after Citi senior analyst Tyler Radke turned bearish on the company. When Radke downgraded DOCU to “Neutral” and cut his price target nearly in half, DocuSign’s Relative Strength Index (14-day) fell to the mid-30s, indicating that the bearish momentum could soon run out. DocuSign stock has…