Morgan Stanley boosts DocuSign as investor interest surges

Morgan Stanley Upgrades DocuSign Rating and Raises Price Target

Morgan Stanley, the renowned investment bank, has decided to upgrade its rating on DocuSign Inc (NASDAQ: DOCU) from Underweight to Equal-Weight. In addition, Morgan Stanley has also raised its 12-month price target on the shares of DocuSign to $64.00, up from $49.00. This upgrade in rating and price target comes as a result of increased investor interest in the software company.