– Truist Securities has updated its financial model for Doximity Inc, increasing the price target for the company’s shares to $35.00 from $31.00
– The firm has adjusted revenue and EBITDA forecasts for fiscal years 2025 and 2026, with slight increases in revenue estimates and adjustments in EBITDA projections
– The price target adjustment is based on a forward-looking multiple applied to projected adjusted EBITDA for 2026
– Other analyst firms, including Piper Sandler and Wells Fargo, have also updated their price targets and ratings for Doximity
– InvestingPro data highlights Doximity’s strong financials, management’s confidence in the company’s future, and positive analyst consensus on earnings potential
– Investors can access additional InvestingPro Tips for a deeper analysis of Doximity’s financials and outlook