{"id":20639,"date":"2023-06-09T18:09:05","date_gmt":"2023-06-09T22:09:05","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/docusign-says-its-an-ai-winner-why-chatgpt-isnt-a-threat-to-the-stock\/"},"modified":"2023-06-09T18:09:07","modified_gmt":"2023-06-09T22:09:07","slug":"docusign-says-its-an-ai-winner-why-chatgpt-isnt-a-threat-to-the-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=20639","title":{"rendered":"DocuSign Says It&#8217;s an AI Winner. Why ChatGPT Isn&#8217;t a Threat to the Stock."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000667170\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        DocuSign<br \/>\n       stock was climbing Friday as the e-signatures company showed signs of stabilization from a postpandemic slowdown. Its longer term prospects could be strengthened by artificial intelligence.\u00a0<\/p>\n<p>\n        DocuSign<br \/>\n       (ticker: DOCU) shares were down 2.9% at $56.81 at 2:27 p.m. Friday, after trading up as much as 11% in early trading.<\/p>\n<div class=\"paywall\">\n<p>The immediate cause was the company\u2019s first-quarter earnings beat and raised guidance. However, there were also signs of optimism around its AI-powered products.\u00a0\u00a0<\/p>\n<p>AI models such as ChatGPT might initially look like a threat to DocuSign\u2019s business, if they are able to generate and modify contracts. However, the company is confident that clients will turn to DocuSign for specialized contract services.\u00a0<\/p>\n<p>\u201cIf you look at DocuSign, we have deep experience built over multiple years of building agreement-specific models. This is not the same as drafting a high school essay,\u201d Allan Thygesen, DocuSign\u2019s CEO, told analysts on an earnings call on Thursday.\u00a0<\/p>\n<p>DocuSign has a history in AI integration before the recent boom in interest in the technology. It acquired Seal Software, an AI analytics company, for $188 million in 2020. It also recently said it would use<br \/>\n        Microsoft<span>\u2019s<\/span><br \/>\n       (MSFT) OpenAI technology to provide summaries of agreements.\u00a0<\/p>\n<p>\u201cGenerative AI can bring a new opportunity\u2026by transforming the agreement workflow architecture with new products and enhancements powered by artificial intelligence,\u201d Wedbush analyst Daniel Ives wrote in a research note on Friday. <\/p>\n<p>Wedbush has a Neutral rating on the stock but raised its target price to $67 from $60. <\/p>\n<p>Analysts at RBC Capital Markets wrote in a research note that generative AI could push more customers to use DocuSign\u2019s \u2018contract life cycle management\u2019 products\u2014software used to manage agreements over the longer term.\u00a0<\/p>\n<p>RBC reiterated a Sector Perform rating and a $59 target price for DocuSign, noting it was too early to judge the potential success of its product innovation while the company faces macroeconomic headwinds.<\/p>\n<p><strong><em>Corrections &amp; Amplifications:<\/em><\/strong><\/p>\n<p> Allan Thygesen is DocuSign\u2019s CEO. An earlier version of this article said he was DocuSign\u2019s head of investor relations.<\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/docusign-stock-price-earnings-ai-chatgpt-b035668e?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DocuSign stock was climbing Friday as the e-signatures company showed signs of stabilization from a postpandemic slowdown. Its longer term prospects could be strengthened by artificial intelligence.\u00a0 DocuSign (ticker: DOCU) shares were down 2.9% at $56.81 at 2:27 p.m. Friday, after trading up as much as 11% in early trading. The immediate cause was the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-20639","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DocuSign Says It&#039;s an AI Winner. Why ChatGPT Isn&#039;t a Threat to the Stock. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"DocuSign stock was climbing Friday as the e-signatures company showed signs of stabilization from a postpandemic slowdown. Its longer term prospects could\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=20639\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DocuSign Says It&#039;s an AI Winner. Why ChatGPT Isn&#039;t a Threat to the Stock. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"DocuSign stock was climbing Friday as the e-signatures company showed signs of stabilization from a postpandemic slowdown. 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