why Doximity Inc [DOCS] is a Good Choice for Investors After New Price Target of $63.82

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Doximity Inc [NYSE: DOCS] closed the trading session at $52.56.

The stocks have a year to date performance of -1.55 percent and weekly performance of -11.20 percent. The stock has been moved at -9.46 percent over the last six months. The stock has performed -0.42 percent around the most recent 30 days and changed -31.80 percent over the most recent 3-months.

If compared to the average trading volume of 2.42M shares, DOCS reached to a volume of 17781058 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Doximity Inc [DOCS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DOCS shares is $63.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DOCS stock is a recommendation set at 2.26. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Doximity Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 07, 2025. While these analysts kept the previous recommendation, Leerink Partners raised their target price from $60 to $90. The new note on the price target was released on February 07, 2025, representing the official price target for Doximity Inc stock. Previously, the target price had yet another raise to $55, while Stephens analysts kept a Equal-Weight rating on DOCS stock.

The Average True Range (ATR) for Doximity Inc is set at 3.13, with the Price to Sales ratio for DOCS stock in the period of the last 12 months amounting to 17.29. The Price to Book ratio for the last quarter was 9.56, with the Price to Cash per share for the same quarter was set at 4.88. Price to Free Cash Flow for DOCS in the course of the last twelve months was 35.81 with Quick ratio for the last quarter at 8.67.

DOCS stock trade performance evaluation

Doximity Inc [DOCS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.20. With this latest performance, DOCS shares dropped by -0.42% in over the last four-week period, additionally sinking by -9.46% over the last 6 months – not to mention a rise of 123.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DOCS stock in for the last two-week period is set at 37.45, with the RSI for the last a single of trading hit 30.63, and the three-weeks RSI is set at 40.86 for Doximity Inc [DOCS]. The present Moving Average for the last 50 days of trading for this stock 57.96, while it was recorded at 58.40 for the last single week of trading, and 51.56 for the last 200 days.

Doximity Inc [DOCS]: An insightful look at the core fundamentals

Doximity Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.67 and a Current Ratio set at 6.97.

Earnings per share (EPS) analysis for Doximity Inc [DOCS] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DOCS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Doximity Inc go to 6.60%.

Doximity Inc [DOCS]: Institutional Ownership

The top three institutional holders of DOCS stocks are: BLACKROCK INC. with ownership of 10.77 million shares, which is approximately 5.8002%. VANGUARD GROUP INC, holding 10.55 million shares of the stock with an approximate value of $$294.98 million in DOCS stocks shares; and VANGUARD GROUP INC, currently with $$193.62 million in DOCS stock with ownership which is approximately 3.7296%.