Doximity (NYSE:DOCS) Shares Gap Up – Time to Buy?

Doximity, Inc. (NYSE:DOCS)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $43.85, but opened at $46.65. Doximity shares last traded at $45.20, with a volume of 472,732 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on DOCS. Wall Street Zen raised Doximity from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings began coverage on shares of Doximity in a report on Friday. They issued a “hold (c+)” rating for the company. Finally, Barclays upgraded shares of Doximity to a “strong-buy” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Doximity Price Performance

The company has a market cap of $8.59 billion, a PE ratio of 36.22 and a beta of 1.38.

Doximity Company Profile

Doximity, Inc operates a cloud-based digital platform for medical professionals in the United States. The company’s cloud-based platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers.