Evercore analyst Elizabeth Anderson CFA maintains $Doximity (DOCS.US)$ with a hold rating, and adjusts the target price from $29 to $45.
According to TipRanks data, the analyst has a success rate of 36.7% and a total average return of -7.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Doximity (DOCS.US)$'s main analysts recently are as follows:
After conducting a comprehensive survey focused on advertising spend, which included feedback from top pharmaceutical companies, there is a noticeable positive trend observed in both overall and digital budget allocations. The platform in question appears to be the primary beneficiary of increased manufacturer spending, indicating a potential for maintaining robust double-digit revenue growth. Should these trends continue, there could be room for further growth. Nevertheless, the recent surge in valuation suggests that the improved prospects are already factored into the current market price.
The firm is revising its projections and updating its 'Tactical Outperform' and 'Tactical Underperform' lists in anticipation of third-quarter earnings reports from the Healthcare Technology and Distribution sector.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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