** BofA reinstates coverage on virtual document signing platform Docusign DOCU.O with an "underperform" rating

** Sets PT of $52, which is 10% upside to the stock's last close

** Having dominated the eSignature software market, Docusign is in a more uncertain phase of its growth trajectory, brokerage says

** Adds, with the eSignature market approaching maturity and trending towards commoditization, DOCU's revenue growth has stagnated in the high single digits for the past 10 quarters

** "While DOCU has the right pieces in place to establish itself as a dominant force in intelligent agreement management (IAM), an inflection is not immediately apparent" — BofA

** Six of 23 analysts rate stock "strong buy" or "buy", 16 "hold" and one "sell"; their median PT is $55 — data compiled by LSEG

** Including session's move, stock down 30% YTD