Why Is DocuSign Stock Falling Friday?

DocuSign reported Q1 FY2027 results that beat revenue and earnings estimates, with strong profitability metrics and record share buybacks. The company raised full-year guidance and highlighted growing adoption of its AI-powered Intelligent Agreement Management platform. However, the stock fell 4.83% in premarket trading as several analysts lowered price targets despite the beat-and-raise quarter, with Q2 guidance coming in largely in line with expectations.