BTIG Research Has Lowered Expectations for Doximity (NASDAQ:DOCS) Stock Price

Doximity (NASDAQ:DOCS) had its target price lowered by stock analysts at BTIG Research from $80.00 to $50.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 50.15% from the stock’s previous close.

A number of other brokerages have also recently commented on DOCS. Mizuho set a $45.00 target price on shares of Doximity in a report on Wednesday. Royal Bank Of Canada started coverage on shares of Doximity in a report on Thursday, January 8th. They issued an “outperform” rating and a $59.00 target price for the company. Evercore ISI reissued an “outperform” rating on shares of Doximity in a report on Thursday, January 8th. Wells Fargo & Company raised Doximity from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $65.00 to $55.00 in a research report on Tuesday, January 20th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Doximity in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.47.

Doximity Stock Performance

DOCS opened at $33.30 on Friday. Doximity has a one year low of $32.66 and a one year high of $85.21. The stock has a market capitalization of $6.27 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 4.10 and a beta of 1.39. The business’s 50-day simple moving average is $43.16 and its 200-day simple moving average is $56.92.

Doximity (NASDAQ:DOCS) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Doximity had a return on equity of 21.75% and a net margin of 36.60%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, equities research analysts forecast that Doximity will post 0.99 EPS for the current fiscal year.

Doximity announced that its Board of Directors has initiated a share buyback program on Thursday, February 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Doximity

Hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC raised its stake in shares of Doximity by 932.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,567,668 shares of the company’s stock valued at $114,267,000 after purchasing an additional 1,415,882 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Doximity by 325,436.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,298,891 shares of the company’s stock valued at $57,515,000 after buying an additional 1,298,492 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Doximity by 53.9% during the 2nd quarter. Franklin Resources Inc. now owns 3,162,593 shares of the company’s stock worth $193,993,000 after buying an additional 1,108,162 shares during the last quarter. Capital World Investors grew its position in shares of Doximity by 25.7% in the 3rd quarter. Capital World Investors now owns 5,381,431 shares of the company’s stock worth $393,652,000 after acquiring an additional 1,101,848 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Doximity by 525.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,096,965 shares of the company’s stock valued at $80,243,000 after acquiring an additional 921,533 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

More Doximity News

Here are the key news stories impacting Doximity this week:

• Positive Sentiment: Doximity announced a $500 million share buyback authorization (about 8% of shares outstanding), a signal the board views the stock as undervalued and a potential support for the equity over time. RTT News
• Positive Sentiment: Operational engagement metrics were highlighted as strong: record workflow-product adoption (720,000 users QoQ jump) and 1M+ quarterly active prescribers; early AI products show user traction — positive for long‑term monetization. Business Wire
• Positive Sentiment: Doximity was ranked #1 Best in KLAS Telehealth Video Platform for the fifth consecutive year — supportive for competitive positioning in telehealth workflows. 01net
• Neutral Sentiment: Q3 results: revenue $185.05M (+~10% YoY) and EPS $0.46, both slightly above consensus — beats were modest rather than transformative. Analysts are digging into key metrics for guidance implications. Benzinga
• Neutral Sentiment: A full earnings/management transcript is available for deeper read on product cadence, sales dynamics, and AI roadmap for investors wanting color beyond the headlines. Seeking Alpha transcript
• Negative Sentiment: Management lowered Q4 and FY2026 revenue guidance: Q4 $143.0M–$144.0M vs. consensus ~$150.2M and FY revenue guided slightly below consensus (~$642.5M–$643.5M vs. ~$645.3M). The softer outlook was the primary catalyst for a sharp after‑hours selloff. Business Wire guidance
• Negative Sentiment: Market reaction: shares plunged heavily after the print and guidance miss, reflecting investor sensitivity to near‑term growth deceleration despite buyback and solid engagement metrics. MSN market coverage

About Doximity

Doximity, Inc, headquartered in San Francisco, California, operates the leading professional medical network for healthcare professionals in the United States. Founded in 2011 by Jeff Tangney and Shari Buck, the company set out to create a secure digital environment where physicians, nurse practitioners and physician assistants can collaborate, share information and stay current with clinical news. Doximity went public in June 2021 and trades on the NASDAQ under the ticker symbol “DOCS.”

The core offering of Doximity is its HIPAA-compliant communication platform, which includes a secure messaging system, digital fax services and telehealth capabilities.