Bank of America Issues Positive Forecast for Doximity (NASDAQ:DOCS) Stock Price

Doximity (NASDAQ:DOCS) had its target price raised by Bank of America from $54.00 to $57.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Barclays raised their price objective on Doximity from $52.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. The Goldman Sachs Group began coverage on shares of Doximity in a report on Friday, November 15th. They issued a “neutral” rating and a $58.00 price objective for the company. Baird R W raised shares of Doximity to a “strong-buy” rating in a report on Tuesday, September 17th. Wells Fargo & Company raised shares of Doximity from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $19.00 to $41.00 in a research note on Friday, November 8th. Finally, Evercore ISI raised their price objective on Doximity from $34.00 to $45.00 and gave the company an “in-line” rating in a research note on Tuesday, October 8th. Thirteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Doximity Stock Down 1.0 %

DOCS opened at $54.93 on Monday. The business’s fifty day simple moving average is $52.62 and its 200 day simple moving average is $41.32. Doximity has a 52 week low of $22.96 and a 52 week high of $61.75. The stock has a market cap of $10.25 billion, a PE ratio of 63.14, a P/E/G ratio of 4.16 and a beta of 1.38.

Hedge Funds Weigh In On Doximity

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC lifted its holdings in Doximity by 46.1% in the fourth quarter. CWA Asset Management Group LLC now owns 16,298 shares of the company’s stock worth $870,000 after buying an additional 5,146 shares during the period. Nordea Investment Management AB raised its position in shares of Doximity by 6.2% in the 4th quarter. Nordea Investment Management AB now owns 52,176 shares of the company’s stock worth $2,815,000 after acquiring an additional 3,053 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Doximity by 20.6% in the 4th quarter. GAMMA Investing LLC now owns 1,735 shares of the company’s stock valued at $93,000 after purchasing an additional 296 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Doximity by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 498,056 shares of the company’s stock valued at $21,700,000 after purchasing an additional 15,771 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Doximity in the third quarter worth $29,453,000. Hedge funds and other institutional investors own 87.19% of the company’s stock.

About Doximity

Doximity, Inc operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers.