15 AI News That You Should Not Miss

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12. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 42  

DocuSign, Inc. (NASDAQ:DOCU) provides electronic signature software in the United States and internationally. It recently launched Docusign AI, a tool that helps businesses transform static, unstructured agreement data into insight and action with AI tools. On December 3, JPMorgan analyst Mark Murphy raised the price target on the stock to $70 from $50 and kept an Underweight rating on the shares ahead of the fiscal Q3 report. The advisory expects the company to relay ongoing progress in operational refinements to the business, which is likely to be supported by commentary around relative stability in underlying demand trends and positive early indications on newer product initiatives. These trends could continue to support a potential pick-up in underlying organic growth trends over the medium-term, the analyst tells investors in a research note.

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