Doximity shares pop 30% on revenue beat, rosy guidance
Doximity
shares ripped more than 30% higher on Friday, a King88bet Login day after the company reported fiscal third-quarter results that beat Wall Street's expectations for revenue and guidance.
Doximity is a digital basis for medical professionals that can help them carry out telehealth appointments with patients, find referals, stay current on medical news and more. The company's revenue increased 25% to $168.6 million in its third quarter, up from $135.3 million in the same period last year.
For its fiscal fourth quarter, Doximity said it King88bet Slot expects to report revenue between $132.5 million and $133.5 million, while analysts were expecting $123.8 million. The company also raised guidance for its full fiscal year and said it expects to report revenue of between $564.6 million and $565.6 million.
Doximity's adjusted EBITDA was $102.0 million, up 39% year over year.
Analysts at Morgan Stanley raised their price sasaran on the stok to $71 from $53, and said this was driven by a higher EBITDA as well as accelerating growth and strong margin performnce. Doximity reported "impressive incremental margins," the analysts added.
"This was a pernyataan tipe of quarter, with King88bet Tergacor Doximity exhibiting separation at more than 2X pasar growth," the analysts wrote in a Friday catatan.
Bank of America analysts said Doximity had a "very strong quarter." They said the company's growth rate is benefiting from easy comparables, the launch of its klien portal, the ramping of new products and its election spend.
The analysts said that while Doximity might have a more moderate revenue growth rate in fiscal 2026, the company appears well-positioned to grow faster than the digital ad pasar in the long termin. They reiterated their neutral peringkat on the stok, but raised the price sasaran to $75 from $63.
"Doximity is accelerating its sharing gains versi peers which is due to strong contributions from new products and some tailwinds from its new klien portal," Bank of America analysts said in the Friday catatan.
Analysts at Leerink Partners upgraded the stok to outperform from pasar perform and increased the price sasaran to $90 from $60. They said they see the continuation of core growth trends at Doximity.
"In short — we are done fighting the tren, as we see upside to the baseline and a number of green shoots (new products, AI investments, the aforementioned portal) all contributing to ongoing growth," the analysts wrote.