Doximity, Inc. (NYSE:DOCS) Receives $55.00 Average Target Price from Analysts

Doximity, Inc. (NYSE:DOCS) has been given a consensus rating of “Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $55.00.

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Doximity from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Truist Financial upgraded Doximity from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Doximity in a research note on Wednesday, December 24th. Zacks Research upgraded shares of Doximity from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Barclays raised shares of Doximity to a “strong-buy” rating in a report on Monday, December 8th.

Doximity Stock Performance

NYSE:DOCS opened at $27.76 on Wednesday. Doximity has a 52 week low of $23.66 and a 52 week high of $85.21. The stock has a market cap of $5.23 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.39.

Doximity Company Profile

Doximity, trading as DOCS, operates a digital professional network and communications platform designed primarily for clinicians. Headquartered in San Francisco, the company connects physicians, nurse practitioners, physician assistants and other healthcare professionals, providing tools that streamline clinical communication, telehealth delivery and access to specialty-specific medical information. Its platform is positioned as a professional hub where clinicians manage their workflows, stay current with medical news and collaborate securely with peers.

The company’s offerings include secure messaging and video telehealth capabilities that enable clinicians to consult with patients and colleagues while protecting patient information.