Doximity: Q1 Earnings Mark A Possible Turnaround For The Company (Rating Upgrade)

Solskin Introduction & Investment Thesis I last wrote about Doximity (NYSE:DOCS) in April, where I rated the stock a "hold." Although I stated that the stock has a potential upside of at least 29% from its levels back then, I believed that investors would be weary until the management could reignite the growth story. Since then, the stock has climbed 45% as it reported a strong Q1 FY25 earnings report, where revenue and Adjusted EBITDA grew 17% and 41% YoY, respectively, beating estimates. Simultaneously, t ...