On May 16, 2025, Canaccord Genuity analyst Richard Close announced a revision in the price target for Doximity (DOCS, Financial), a leading digital platform for medical professionals. The revised price target has been lowered from USD 71.00 to USD 50.00. This adjustment marks a significant decrease of 29.58% from the prior target.
Despite the adjustment in the price target, Canaccord Genuity maintains its current "Hold" rating on Doximity (DOCS, Financial). This decision suggests that the analyst foresees the stock maintaining its current valuation in the near term without significant upward momentum.
Investors may find this information noteworthy as it reflects the market sentiment and expectations surrounding Doximity (DOCS, Financial) as evaluated by an established analyst at Canaccord Genuity. The changes in the price target and the maintained rating provide insight into the analyst's perspective on the company's future performance.
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 $67.07 with a high estimate of $88.00 and a low estimate of $50.00. The average target implies an upside of 14.75% from the current price of $58.45. 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 5.22% from the current price of $58.45. 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.
