Raymond James sees positive read for Doximity from Veeva trends report

Following Veeva’s (VEEV) quarterly release of it latest Pulse Field Trends report shedding light on trends in healthcare provider engagement, Raymond James noted that while email volume as a mode of engagement with HCPs has grown significantly, open rates were seen ticking 2% lower globally and more precipitously down 5% in the U.S. This suggests that life sciences organizations will need to continue to invest in novel sales and marketing channels, as well as prioritize campaign attribution and analytics, to ensure efficient and effective provider access, which has positive reads for Doximity (DOCS) and Veeva, respectively, the analyst tells investors. The firm has Outperform ratings on both stocks.