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Analysts Offer Insights on Technology Companies: Doximity (DOCS) and PubMatic (PUBM)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Doximity (DOCSResearch Report) and PubMatic (PUBMResearch Report) with bullish sentiments.

Doximity (DOCS)

SVB Securities analyst Stephanie Davis reiterated a Buy rating on Doximity on July 29 and set a price target of $67.00. The company’s shares closed last Friday at $37.98, close to its 52-week low of $27.06.

According to TipRanks.com, Davis is a 1-star analyst with an average return of -0.5% and a 50.7% success rate. Davis covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, NextGen Healthcare, and Change Healthcare.

Doximity has an analyst consensus of Moderate Buy, with a price target consensus of $45.15, implying a 16.7% upside from current levels. In a report issued on July 28, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $49.00 price target.

See the top stocks recommended by analysts >>

PubMatic (PUBM)

In a report issued on June 30, Andrew Boone from JMP Securities reiterated a Buy rating on PubMatic, with a price target of $40.00. The company’s shares closed last Friday at $23.35.

According to TipRanks.com, Boone has 0 stars on 0-5 stars ranking scale with an average return of -13.3% and a 35.6% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Fiverr International, and AdTheorent Holding.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PubMatic with a $26.43 average price target, implying a 13.7% upside from current levels. In a report issued on July 26, Raymond James also maintained a Buy rating on the stock with a $24.00 price target.

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