Doximity Q2 Earnings: Positioning Is Paying Off
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Doximity's Q2 earnings report reveals strong revenue growth and margin expansion, leading to a buy rating with a price target of $65, indicating a 24% upside. The company is well-positioned in the healthcare industry, with a forecast of 36% CAGR in revenue and 74% CAGR in Adjusted EBITDA, supporting growth through 2030.
November 15, 2024 | 1:15 pm
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Doximity's Q2 earnings report shows strong revenue growth and margin expansion, leading to a buy rating with a price target of $65, reflecting a 24% upside. The company is well-positioned in the healthcare industry, with a forecast of 36% CAGR in revenue and 74% CAGR in Adjusted EBITDA.
The strong Q2 earnings report, including impressive revenue growth and margin expansion, supports a buy rating with a significant upside. The company's strategic positioning in the healthcare industry and favorable forecasts for revenue and EBITDA growth further bolster the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100