Top 9 AI News Updates Investors Probably Missed

6. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 51

DocuSign, Inc. (NASDAQ:DOCU) is a technology company that offers electronic signature solutions. It also provides Intelligent Agreement Management (IAM) solutions that enable businesses to create, sign, and manage agreements electronically.  It also uses AI to transform agreement data into insights and actions. William Blair upgraded the stock to outperform on March 17 on optimism that the IAM platform has the potential to drive double-digit growth.

According to William Blair, IAM has already shown strong traction, going by the high single-digit percentage of deal volume in the fourth quarter. Additionally, DocuSign, Inc. (NASDAQ:DOCU) is projecting a low double-digit percent growth in its subscription book. The research firm also remains bullish about the stock owing to significant investments in product-led growth, artificial intelligence and enterprise solutions.