Doximity falls after brokerage downgrades to 'hold'

Doximity

13/11/2024 16:31

** Telehealth company Doximity's  DOCS.N  shares fall 4.1% to
$55.66
    ** Canaccord Genuity downgrades company's shares to "hold"
from "buy"
    ** Brokerage says it does not see stock valuations returning
to heightened levels achieved in the immediate COVID and
post-COVID period
    ** 8 of 18 brokerages rate the stock "buy" or higher, 9
"hold" and 1 "sell"; median PT $54 - LSEG
    ** Including session's moves, stock up ~97% YTD

(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))