On May 21, 2025, Goldman Sachs analyst David Roman announced an adjustment to the price target for Doximity (DOCS, Financial), lowering it from $80.00 to $50.00 USD. This significant change reflects a 37.50% decrease in the price target.
Despite the adjustment in the price target, the rating for Doximity (DOCS, Financial) remains unchanged, with Goldman Sachs maintaining a "Neutral" stance. The previous rating was also "Neutral," indicating a consistent outlook on the stock from the investment bank.
This announcement may influence investor sentiment regarding Doximity (DOCS, Financial), as the lowered price target could impact future projections and investment strategies surrounding the stock. Market participants are keenly observing these developments as they assess the potential impact on their portfolios.
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 $61.47 with a high estimate of $88.00 and a low estimate of $50.00. The average target implies an upside of 17.04% from the current price of $52.52. 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 $54.40, suggesting a upside of 3.58% from the current price of $52.52. 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.
