** Shares of virtual document signing platform DocuSign DOCU.O slump almost 18% premarket to $76.32 after lowering FY26 billings outlook, Q1 billings miss
** Co lowers FY 2026 billings forecast to between $3.29 bln and $3.34 bln from prior $3.30 bln to $3.35 bln
** Co's Q1 billings of $739.6 mln also misses estimates
** JP Morgan lowers PT to $77 from $81, says they expect co's shares to be in "penalty box" as investors look at whether billings miss is temporary
** "... many investors expect (DocuSign) to be beating and raising while making progress toward recapturing double-digit growth over time, our sense is that these results this quarter will set back those aspects of the narrative" - brokerage
** Five out of 23 analysts rate stock as "buy" or higher, 17 "hold" and one "sell"; Median PT is $87.56
** As of last close, DOCU up 3.3% YTD
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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