B of A Securities Maintains Neutral on Doximity, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Allen Lutz has maintained a Neutral rating on Doximity (NYSE:DOCS) and increased the price target from $29 to $32.
January 23, 2024 | 9:20 pm
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POSITIVE IMPACT
B of A Securities has maintained a Neutral rating on Doximity and raised the price target from $29 to $32, indicating a positive outlook on the stock's value.
The increase in price target by B of A Securities suggests a positive reassessment of Doximity's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100