Key Highlights:
- Doximity exceeds Q4 earnings expectations, but revenue guidance falls short, leading to a significant share price drop.
- Analysts provide an optimistic one-year price target, suggesting potential upside from the current stock price.
- The GF Value analysis indicates a potential downside, reflecting market uncertainties.
Doximity (DOCS, Financial) delivered impressive results for the fourth quarter, reporting a Non-GAAP earnings per share (EPS) of $0.38, outpacing analyst expectations by $0.11. Revenue for the quarter hit $138.29 million, topping projections by $4.29 million. Despite these robust figures, the company has issued revenue guidance for Q1 2025 and the fiscal year ending March 2026 that fell short of market expectations, causing a 17.19% decline in the stock's value.
Wall Street Analysts Forecast
Delving into the projections from 17 analysts, Doximity Inc (DOCS, Financial) holds an average one-year target price of $71.53, with estimates ranging from a high of $88.00 to a low of $55.00. This average target suggests a potential upside of 22.38% from the current trading price of $58.45. Investors looking for more detailed projection data can visit the Doximity Inc (DOCS) Forecast page.
Brokerage firms have a generally favorable view on Doximity Inc (DOCS, Financial), as reflected in the consensus recommendation rating of 2.4, aligning with an "Outperform" status. This rating scale, where 1 indicates a Strong Buy and 5 a Sell, underscores market optimism despite recent share value drops.
From a valuation perspective, GuruFocus estimates the company's GF Value at $55.40 over the next year. This estimate suggests a potential downside of 5.22% from the current market price of $58.45. The GF Value represents GuruFocus' assessment of the stock's fair trading value, calculated using historical trading multiples, past business growth, and forward-looking performance estimates. For a deeper dive into valuation metrics, visit the Doximity Inc (DOCS, Financial) Summary page.
