Options trading activity for Doximity (DOCS, Financial) has significantly increased ahead of the company's upcoming earnings release, showing a volume 6.1 times higher than usual. Call options are outpacing put options with a ratio of 9:7. The implied volatility indicates that investors are preparing for a potential stock price movement of approximately 14.1%, equating to a change of about $8.25, once the earnings are disclosed. Historically, the stock has experienced a median movement of 20.5% over its last eight earnings announcements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Doximity Inc (DOCS, Financial) is $71.53 with a high estimate of $88.00 and a low estimate of $55.00. The average target implies an upside of 21.93% from the current price of $58.67. More detailed estimate data can be found on the Doximity Inc (DOCS) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Doximity Inc's (DOCS, Financial) average brokerage recommendation is currently 2.4, 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 Doximity Inc (DOCS, Financial) in one year is $55.40, suggesting a downside of 5.57% from the current price of $58.665. 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 Doximity Inc (DOCS) Summary page.
