Investor sentiment appears to be tilting bearish for Doximity (DOCS, Financial) as options trading shows a significant increase in put activity. A total of 1,381 put options changed hands, surpassing expectations by about 10%. Notably, the most active option contracts were the May 2025 $45 and $57.50 puts, which together accounted for approximately 730 contracts.
This movement has resulted in a notable Put/Call Ratio of 7.98, indicating that put options significantly outnumber call options. Additionally, the at-the-money implied volatility (IV) has risen by over one percentage point as trading intensifies.
Investors may be positioning themselves ahead of Doximity's upcoming earnings report, scheduled for May 15th, amidst growing anticipation that any unexpected results could impact the stock's price.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Doximity Inc (DOCS, Financial) is $73.59 with a high estimate of $90.00 and a low estimate of $55.00. The average target implies an upside of 40.45% from the current price of $52.40. More detailed estimate data can be found on the Doximity Inc (DOCS) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Doximity Inc's (DOCS, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Doximity Inc (DOCS, Financial) in one year is $54.95, suggesting a upside of 4.88% from the current price of $52.395. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Doximity Inc (DOCS) Summary page.
