UPDATE: Morgan Stanley Starts Doximity Inc (DOCS) at Equalweight

July 19, 2021 2:40 AM EDT
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Price: $36.72 +5.46%

Rating Summary:
    10 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 1 | Down: 1 | New: 0
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(Updated - July 19, 2021 4:22 AM EDT)

Morgan Stanley analyst Ricky Goldwasser initiates coverage on Doximity Inc (NYSE: DOCS) with a Equalweight rating and a price target of $52.00.

The analyst comments "With 1.8M members, Doximity is the largest social media network for medical professionals. Its subscription platforms generate sticky revenues from pharma & health systems, driving a 25% topline CAGR through 2023e. But DOCS now trades at a 5.8x turn premium to VEEV on '22 rev, leaving us EW."

For an analyst ratings summary and ratings history on Doximity Inc click here. For more ratings news on Doximity Inc click here.

Shares of Doximity Inc closed at $54.35 yesterday.

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