Doximity surges after FY25 revenue forecast hike

Doximity

08/11/2024 13:32

** Shares of telehealth co Doximity  DOCS.N  surge 36.5% to
$59.29 premarket  
    ** Co raises FY25 revenue forecast to $535 mln-$540 mln,
after hiking it to $514 mln-$523 mln in the previous qtr
    ** Co sees Q3 revenue between $152 mln and $153 mln
    ** Posts fiscal 2025 Q2 adj EPS of 30 cents, beating ests of
25 cents, as per data compiled by LSEG
    ** Q2 revenue of $136.8 mln is above analysts' ests of
$127.2 mln 
    ** Raymond James raises PT to $65 from $37, says strong
results reflect a healthy upsell season and strength in new
products
    ** Wells Fargo also raises PT to $41 from $19
    ** 8 of 18 brokerages rate stock "buy" or higher, 9 "hold",
1 "sell"; their median PT is $43 - LSEG data
    ** As of last close, stock up 54.8% YTD


 (Reporting by Sukriti Gupta in Bengaluru)
 ((Sukriti.Gupta@thomsonreuters.com;))