Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. The company’s platform provides its members with digital tools built for medicine, that enables its members to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. It primarily serves physicians, nurse practitioners, physician assistants, medical students, pharmaceutical manufacturers, and healthcare systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.
Future Prospects | Analyst price targets range from $19 to $75, reflecting varied opinions on Doximity's potential in oncology marketing and self-service portal expansion |
Growth Challenges | Explore Doximity's strategies to maintain momentum amidst market saturation and increasing competition in the digital HCP marketing space |
Financial Strength | Impressive 89.94% gross profit margins and minimal debt showcase Doximity's robust financial health, with a perfect Piotroski Score of 9 |
Digital Health Leade | Doximity dominates the healthcare technology sector, connecting 80% of U.S. physicians and 90% of medical residents through its innovative platform |
Metrics to compare | DOCS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipDOCSPeersSector | |
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P/E Ratio | 55.6x | −1.2x | −0.5x | |
PEG Ratio | 1.13 | −0.01 | 0.00 | |
Price / Book | 10.9x | 0.4x | 2.6x | |
Price / LTM Sales | 20.4x | 1.0x | 2.9x | |
Upside (Analyst Target) | 16.4% | 38.3% | 53.0% | |
Fair Value Upside | Unlock | 28.8% | 8.9% | Unlock |