- Doximity (DOCS, Financial) posts impressive quarterly and annual growth with a strong EBITDA margin.
- Analysts predict an optimistic future for DOCS with a 22.38% potential upside.
- GuruFocus's GF Value suggests a possible slight correction.
Doximity (DOCS) showcased remarkable fourth-quarter performance, with its revenue climbing to $138.3 million, a 4% improvement over guidance. For the full year, revenue saw a commendable rise of 20%, totaling $570 million. Impressively, the company's adjusted EBITDA margin reached a robust 50% during the quarter. Free cash flow also witnessed substantial growth, surging by 56% to hit $97 million. Notably, user engagement and innovations in AI tools contributed significantly to this growth trajectory.
Wall Street Analysts Forecast
When examining Wall Street's perspective, 17 analysts have put forth one-year price targets for Doximity Inc (DOCS, Financial), with an average target price of $71.53. This estimate lies between a high of $88.00 and a low of $55.00, suggesting a promising upside potential of 22.38% from the current stock price of $58.45. For further details, visit the Doximity Inc (DOCS) Forecast page.
Delving into broker recommendations, 20 brokerage firms offer an average recommendation score of 2.4, placing Doximity Inc (DOCS, Financial) in the "Outperform" category. The rating scale goes from 1, indicating a Strong Buy, to 5, denoting a Sell.
In terms of valuation insights from GuruFocus, the estimated GF Value for Doximity Inc (DOCS, Financial) projects a figure of $55.40 in one year, indicating a potential downside of 5.22% from the current price point of $58.45. This GF Value is a calculated estimation of what the stock's fair price should be, derived from historical trading multiples, along with past and projected business growth. For a deeper dive into the metrics, visit the Doximity Inc (DOCS) Summary page.
