NYC pushes forward with DocGo despite ‘political noise,’ says Northland

After the NYC Department of Housing Preservation and Development affirmed that NYC will honor its DocGo migrant care program contract despite the “political noise” from Comptroller Brad Lander declining to approve the $432M DocGo contract, Northland said the firm believes DocGo’s performance has enabled it to win incremental business. The incremental work DocGo has received since the earnings call “should be considered upside to our estimates,” says the firm, which keeps an Outperform rating and $16 price target on DocGo shares.