Doximity Sinks 24% As AI Push Fails To Ease Growth Fears

Shares of Doximity Inc (NYSE:DOCS) tanked in early trading on Thursday, after the company Wednesday reported downbeat fiscal fourth-quarter results.

Here are the key analyst insights:

KeyBanc Capital Markets analyst Scott Schoenhaus downgraded the rating from Overweight to Sector Weight.

Needham analyst Bernie McTernan maintained a Buy rating, while reducing the price target from $55 to $27.

Check out other analyst stock ratings.

KeyBanc Capital Markets: Doximity reported its results broadly in-line with expectations. Its fiscal 2027 guidance of 3%-5% growth was disappointing, Schoenhaus said in the downgrade note. The company is unlikely to gain market share with budget managers looking to AI as a lower-cost solution, he added.

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Doximity Sinks 24% As AI Push Fails To Ease Growth Fears

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