On May 9, 2025, Needham analyst Ryan MacDonald announced an updated evaluation for DocGo (DCGO, Financial). Despite maintaining a "Buy" rating, the analyst reduced the stock's price target from USD 4.00 to USD 3.00. This adjustment reflects a 25% decrease in the price target.
The decision to maintain the "Buy" rating indicates ongoing confidence in DocGo's potential. However, the revised price target suggests a more conservative outlook on the stock's future performance.
As of the latest update, investors should note the adjusted price target of USD 3.00, as provided by Needham's Ryan MacDonald. The rating and target adjustments offer key insights for stakeholders considering their position in DocGo (DCGO, Financial).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for DocGo Inc (DCGO, Financial) is $4.55 with a high estimate of $8.00 and a low estimate of $2.85. The average target implies an upside of 202.33% from the current price of $1.51. More detailed estimate data can be found on the DocGo Inc (DCGO) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, DocGo Inc's (DCGO, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DocGo Inc (DCGO, Financial) in one year is $6.03, suggesting a upside of 300.66% from the current price of $1.505. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DocGo Inc (DCGO) Summary page.
