Profile
Sector:
HealthcareIndustry:
Health Information ServicesCountry:
United StatesIPO:
24 June 2021Website:
http://www.doximity.comNext earnings report:
07 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | 29 min agoDividend
Analysts recommendations
Institutional Ownership
Included in screeners
DOCS Latest News
Doximity (DOCS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
I rate Doximity a buy with a price target of $65, reflecting a 24% upside due to strong Q2 earnings and favorable industry trends. Doximity's Q2 earnings showed impressive revenue growth, margin expansion, and a revised forecast of 36% CAGR in revenue and 74% CAGR in Adjusted EBITDA. Positioned at the intersection of healthcare trends, Doximity offers cost-saving solutions that align with industry needs, supporting double-digit growth through 2030.
The market loved what it saw from Doximity's second-quarter earnings.
Doximity (DOCS) shares jumped nearly 40% in premarket trading Friday after the medical tech company's earnings and outlook came in above what analysts expected.
The online medical platform reported quarterly revenue of $136.8 million and earnings of 30 cents a share, beating analysts expectations.
Doximity (DOCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.22 per share a year ago.
Doximity (DOCS) closed at $41.88 in the latest trading session, marking a +1.11% move from the prior day.
In the most recent trading session, Doximity (DOCS) closed at $41.42, indicating a -1.76% shift from the previous trading day.
The Zacks Medical - Services industry is growing on nursing care market growth and digital healthcare adoption. ELV, DOCS and HQY are set to gain the most.
Doximity (DOCS) is trading near its 52-week high after getting an upgrade from Barclays. George Tsilis talks about why the "LinkedIn for physicians" can be gaining investor interest.
What type of business is Doximity?
Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with digital tools built for medicine, that enables its members to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. It primarily serves physicians, nurse practitioners, physician assistants, medical students, pharmaceutical manufacturers, and healthcare systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.
What sector is Doximity in?
Doximity is in the Healthcare sector
What industry is Doximity in?
Doximity is in the Health Information Services industry
What country is Doximity from?
Doximity is headquartered in United States
When did Doximity go public?
Doximity initial public offering (IPO) was on 24 June 2021
What is Doximity website?
https://www.doximity.com
Is Doximity in the S&P 500?
No, Doximity is not included in the S&P 500 index
Is Doximity in the NASDAQ 100?
No, Doximity is not included in the NASDAQ 100 index
Is Doximity in the Dow Jones?
No, Doximity is not included in the Dow Jones index
When was Doximity the previous earnings report?
No data
When does Doximity earnings report?
The next expected earnings date for Doximity is 07 February 2025