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Doximity price target raised to $59 from $50 at Canaccord

Canaccord analyst Richard Close raised the firm’s price target on Doximity (DOCS) to $59 from $50 and keeps a Hold rating on the shares. The firm said Doximity posted yet another strong quarter, besting Street estimates and the high- end end of quarterly guidance ranges by a wide margin. FY’26 guidance was raised by essentially the same margin as the beat, implying substantive slow down in growth in the second half of the fiscal year, though there is likely a fair amount of conservatism baked in.

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