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DOCS
Upturn stock ratingUpturn stock rating

Doximity Inc (DOCS)

Upturn stock ratingUpturn stock rating
$61.34
Last Close (24-hour delay)
Profit since last BUY1.54%
upturn advisory
Strong Buy
BUY since 3 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

06/30/2025: DOCS (4-star) is a STRONG-BUY. BUY since 3 days. Profits (1.54%). Updated daily EoD!

Upturn Star Rating

rating

Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Number of Analysts

rating

19 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $61.33

1 Year Target Price $61.33

Analysts Price Target For last 52 week
$61.33Target price
Low$25
Current$61.34
high$85.21

Analysis of Past Performance

Type Stock
Historic Profit -1.26%
Avg. Invested days 32
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 11.47B USD
Price to earnings Ratio 55.04
1Y Target Price 61.33
Price to earnings Ratio 55.04
1Y Target Price 61.33
Volume (30-day avg) 19
Beta 1.32
52 Weeks Range 25.00 - 85.21
Updated Date 06/30/2025
52 Weeks Range 25.00 - 85.21
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.11

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 39.13%
Operating Margin (TTM) 35.32%

Management Effectiveness

Return on Assets (TTM) 12.31%
Return on Equity (TTM) 22.5%

Valuation

Trailing PE 55.04
Forward PE 44.25
Enterprise Value 10571031685
Price to Sales(TTM) 20.12
Enterprise Value 10571031685
Price to Sales(TTM) 20.12
Enterprise Value to Revenue 18.53
Enterprise Value to EBITDA 43.91
Shares Outstanding 136907008
Shares Floating 133658969
Shares Outstanding 136907008
Shares Floating 133658969
Percent Insiders 2.24
Percent Institutions 93.81

Analyst Ratings

Rating 4
Target Price 61.33
Buy 3
Strong Buy 5
Buy 3
Strong Buy 5
Hold 11
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Doximity Inc

stock logo

Company Overview

overview logo History and Background

Doximity was founded in 2010 with the mission of helping physicians be more connected and productive. It launched its platform in 2011. The company aimed to create a professional network specifically for healthcare professionals, initially focusing on helping doctors connect and communicate securely. Over time, Doximity expanded its services to include tools for career development, continuing medical education (CME), telehealth, and pharmaceutical marketing.

business area logo Core Business Areas

  • Marketing Solutions: Doximity provides advertising and marketing solutions to pharmaceutical companies and healthcare organizations, allowing them to reach and engage with physicians directly on the platform.
  • Recruiting Solutions: Doximity offers tools and services to help healthcare organizations recruit physicians and other healthcare professionals, leveraging its network and data insights.
  • Subscription: Doximity provides various paid subscription services to physicians, hospitals, and pharmaceutical companies providing access to expanded and tailored networks, data and capabilities.

leadership logo Leadership and Structure

Doximity is led by CEO Jeff Tangney. The company has a structured leadership team encompassing various departments, including marketing, sales, engineering, and product development.

Top Products and Market Share

overview logo Key Offerings

  • Doximity Network: The core platform and professional network for healthcare professionals, facilitating communication, collaboration, and knowledge sharing. It has a very large market share among physicians in the US. Competitors include LinkedIn and smaller medical professional networks. Doximity claims that over 80% of U.S. physicians are members.
  • Dialer: A telehealth solution enabling physicians to connect with patients via secure video calls. Doximity provides a free version to its base users. Competitors include Teladoc Health (TDOC) and Amwell (AMWL).
  • Recruiting Solutions: Doximity Talent Finder. Allows healthcare recruiters to find and contact physicians. Competitors include LinkedIn Recruiter and specialized healthcare recruiting firms.
  • Marketing Solutions: Brand advertising and other marketing programs for pharmaceutical companies. Competitors include traditional advertising channels and other digital health advertising platforms.

Market Dynamics

industry overview logo Industry Overview

The healthcare technology industry is experiencing significant growth, driven by the increasing adoption of digital health solutions, the need for improved communication and collaboration among healthcare professionals, and the growing demand for telehealth services. The industry is highly competitive, with both established players and emerging startups vying for market share.

Positioning

Doximity is a leading platform for healthcare professionals, particularly physicians, in the United States. Its competitive advantages include its large user base, its focus on providing solutions tailored to the needs of healthcare professionals, and its strong brand recognition.

Total Addressable Market (TAM)

The TAM for Doximity is estimated to be in the billions of dollars, encompassing the market for healthcare professional networking, telehealth, recruiting, and marketing. Doximity is well-positioned to capture a significant share of this market due to its established platform and strong relationships with healthcare professionals and organizations.

Upturn SWOT Analysis

Strengths

  • Large and engaged user base of healthcare professionals
  • Strong brand recognition and reputation
  • Focus on providing solutions tailored to the needs of healthcare professionals
  • Recurring revenue model
  • High profit margins

Weaknesses

  • Reliance on the US market
  • Potential saturation of the physician market
  • Limited presence in other healthcare sectors beyond physicians
  • Privacy Concerns

Opportunities

  • Expansion into international markets
  • Development of new products and services, such as AI-powered clinical decision support
  • Strategic acquisitions to expand its platform and reach
  • Increased adoption of telehealth

Threats

  • Increased competition from established players and emerging startups
  • Changes in healthcare regulations and reimbursement policies
  • Data breaches and privacy concerns
  • Economic downturn affecting advertising and marketing budgets

Competitors and Market Share

competitor logo Key Competitors

  • MDRX
  • ADUS
  • TDOC
  • AMWL

Competitive Landscape

Doximity's advantages over competitors include its large and engaged user base of healthcare professionals, its focus on providing solutions tailored to the needs of healthcare professionals, and its strong brand recognition. Disadvantages include its reliance on the US market and the potential saturation of the physician market.

Major Acquisitions

THMED

  • Year: 2021
  • Acquisition Price (USD millions): 70
  • Strategic Rationale: The acquisition of THMED bolsters Doximity's telehealth capabilities, integrating a robust virtual care platform for physicians and patients.

Growth Trajectory and Initiatives

Historical Growth: Doximity has experienced strong growth in recent years, driven by the increasing adoption of its platform and the demand for its solutions. Growth has been supported by increases in user engagement.

Future Projections: Future growth projections depend on market conditions and analyst estimates which require a continuous feed. However, growth is expected to continue, driven by secular trends.

Recent Initiatives: Recent initiatives include partnerships with healthcare organizations, the launch of new products and services, and expansion into new markets.

Summary

Doximity is a strong player in the healthcare professional networking and telehealth space, fueled by its large user base and targeted offerings. Its high profit margins and recurring revenue models support its stability. However, overreliance on the US market and potential market saturation pose risks. Expansion into new products and markets is crucial for continued growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Industry Reports
  • Analyst Estimates
  • Doximity Investor Relations

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Market conditions can change, and you should consult a financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Doximity Inc

Exchange NYSE
Headquaters San Francisco, CA, United States
IPO Launch date 2021-06-24
Co-Founder, CEO & Chairperson Mr. Jeffrey A. Tangney
Sector Healthcare
Industry Health Information Services
Full time employees 830
Full time employees 830

Doximity, Inc. operates as a digital platform for medical professionals in the United States. Its platform provides its members with digital tools built for medicine, that enables its members to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. The company primarily serves physicians, nurse practitioners, physician assistants, medical students, pharmaceutical manufacturers, and healthcare systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.