Goldman Sachs analyst David Roman initiates coverage on $Doximity (DOCS.US)$ with a hold rating, and sets the target price at $58.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 4.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Doximity (DOCS.US)$'s main analysts recently are as follows:
The fundamentals of Doximity's business are viewed positively, but with the stock's significant increase of 68% year-to-date, there is a belief that opportunities for further multiple expansion are limited. Therefore, it's assessed that the current valuation of Doximity presents a balanced risk/reward scenario.
While there is an acknowledgment of Doximity's valuation being notably high in comparison to its fundamentals, with Q4 guidance suggesting a modest year-over-year revenue increase, the absence of an imminent catalyst to shift the current positive outlook is noted. The prevailing expectation that Q4 forecasts are on the lower end sparks curiosity around the potential for Doximity to exceed these estimates and what the growth trajectory could be for fiscal 2026.
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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