William Blair analyst Ryan Daniels has maintained their bullish stance on DOCS stock, giving a Buy rating on August 4.
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Ryan Daniels has given his Buy rating due to a combination of factors that highlight Doximity’s strong financial performance and strategic initiatives. The company reported impressive fiscal first-quarter results, with revenue and adjusted EBITDA surpassing both consensus expectations and the high end of guidance. This positive financial performance was complemented by an increase in full-year 2026 guidance, reflecting confidence in the company’s future growth prospects.
Additionally, Doximity’s strategic acquisition of Pathway Medical for $64 million is seen as a significant move to enhance its AI capabilities. This acquisition is expected to strengthen Doximity’s free AI toolset for healthcare providers, leveraging Pathway’s extensive AI-powered clinical reference tool and large structured medical dataset. Despite some caution regarding potential industry headwinds, such as changes in pharma spending, Ryan Daniels views these developments as positioning Doximity well for continued success, justifying the Buy rating.
In another report released on August 4, Leerink Partners also reiterated a Buy rating on the stock with a $73.00 price target.