Truist Securities raised its price target on Doximity to $24 from $19 while reiterating a Hold rating. The firm now projects revenue of $673 million in fiscal 2027 and $716 million in fiscal 2028, up from prior estimates of $664 million and $695 million. Adjusted EBITDA was trimmed to $320 million for fiscal 2027 from $323 million, while fiscal 2028 nudged up to $347 million from $344 million. The $24 target is based on 10 times Truist's calendar 2028 adjusted EBITDA estimate, rolled forward to an 18-month target. Doximity shares rose 0.46% premarket and are up roughly 14% over the past week but still down about 60% over the past year.
Doximity IncTruist raised price target to $24 from $19, citing higher revenue estimates.
Truist Financial Corp