Doximity rises after Morgan Stanley upgrades to 'equal weight'

Doximity

14/11/2024 13:10

** Telehealth company Doximity's  DOCS.N  shares up ~1.8% at
$53.81 premarket
    ** Morgan Stanley upgrades to "equal weight" from
"underweight" rating; raises PT to $53 from $33
    ** Brokerage says co's outgrowth relative to the industry
had been narrowing since outsized performance during Covid, but
appears to be widening again in 2024 
    ** 8 of 18 brokerages rate the stock "buy" or higher, 10
"hold"; their median PT is $60 - LSEG data
    ** As of last close, stock up ~88.5% YTD

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