Truist Financial Issues Positive Forecast for Doximity (NASDAQ:DOCS) Stock Price

Doximity (NASDAQ:DOCS) had its price objective increased by equities research analysts at Truist Financial from $35.00 to $49.00 in a report released on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential downside of 0.84% from the company’s previous close.

Several other brokerages have also recently issued reports on DOCS. Baird R W upgraded Doximity to a “strong-buy” rating in a research note on Tuesday, September 17th. Bank of America raised their target price on shares of Doximity from $32.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Evercore ISI upped their price target on shares of Doximity from $34.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, October 8th. Needham & Company LLC raised Doximity from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Friday, August 9th. Finally, Robert W. Baird boosted their price objective on Doximity from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 17th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Doximity currently has an average rating of “Hold” and an average target price of $51.07.

Doximity Stock Down 5.0 %

Shares of DOCS stock opened at $49.42 on Thursday. The company has a market capitalization of $9.17 billion, a PE ratio of 56.80, a price-to-earnings-growth ratio of 4.51 and a beta of 1.30. Doximity has a 12-month low of $22.96 and a 12-month high of $61.75. The firm has a 50 day moving average price of $43.40 and a two-hundred day moving average price of $34.11.

Institutional Trading of Doximity

A number of institutional investors have recently bought and sold shares of DOCS. LRI Investments LLC bought a new stake in shares of Doximity during the 1st quarter valued at about $27,000. Farther Finance Advisors LLC boosted its holdings in shares of Doximity by 324.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 789 shares of the company’s stock worth $34,000 after buying an additional 603 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Doximity by 621.4% during the 2nd quarter. Blue Trust Inc. now owns 1,385 shares of the company’s stock worth $37,000 after buying an additional 1,193 shares in the last quarter. Quarry LP grew its position in shares of Doximity by 101.2% during the 2nd quarter. Quarry LP now owns 1,616 shares of the company’s stock worth $45,000 after buying an additional 131,253 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Doximity in the 1st quarter valued at $46,000. Institutional investors own 87.19% of the company’s stock.

Doximity Company Profile

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.