In a recent development, Evercore ISI Group has upgraded its rating for Doximity (DOCS, Financial) from 'In-Line' to 'Outperform'. The upgrade was announced on July 9, 2025, by analyst Elizabeth Anderson, reflecting a positive outlook on the company's future performance.
Alongside the rating upgrade, the price target for Doximity (DOCS, Financial) has been raised significantly. The new price target is set at USD 70.00, up from the previous target of USD 50.00. This adjustment marks a 40.00% increase in the price target, indicating heightened investor confidence in Doximity's potential growth and market presence.
Investors should note these updates from Evercore ISI Group as they could impact the stock's valuation and investment attractiveness. The shift to an 'Outperform' rating suggests that Doximity (DOCS, Financial) is expected to perform better than the market average in the foreseeable future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Doximity Inc (DOCS, Financial) is $63.00 with a high estimate of $80.00 and a low estimate of $50.00. The average target implies an upside of 2.49% from the current price of $61.47. 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 2.3, 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 $55.15, suggesting a downside of 10.28% from the current price of $61.47. 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.
