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Update: Morgan Stanley Raises Price Target on DocuSign to $75 From $69, Maintains Equalweight Rating

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(Updated with Morgan Stanley's comments).

Morgan Stanley raised its price target on DocuSign (DOCU) to $75 from $69 following its better-than-expected Q2 and modest guidance raise.

While the results show incremental IAM progress, Morgan Stanley highlighted that management still hasn't quantified pricing uplift or incrementality vs. legacy eSignature migration.

DocuSign has an average rating of hold and mean price target of $68.33, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Price: $67.56, Change: $+1.59, Percent Change: +2.41%

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