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Doximity price target lowered to $24 from $28 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Doximity (DOCS) to $24 from $28 and keeps a Neutral rating on the shares. Doximity delivered results above expectations but showed further growth deceleration and introduced weaker-than-expected FY27 guidance alongside heavier AI investment plans that compress margins, leaving investors focused on slowing growth durability, intensifying competition, and uncertain monetization of its healthcare AI strategy, the analyst says in a research note.

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