Doximity price target raised to $75 from $63 at BofA

BofA raised the firm’s price target on Doximity (DOCS) to $75 from $63 and keeps a Neutral rating on the shares after the company reported a very strong quarter and raised guidance ahead of expectations. Doximity is accelerating its share gains versus peers, notes the analyst, who increasing the firm’s FY25 revenue estimate to reflect higher Subscription and Other revenue and Q3 overperformance. The firm also raised its FY25 EBITDA estimate , driven by the flow through of higher revenue on better operating leverage.