Doximity price target lowered to $25 from $37 at Wells Fargo

Wells Fargo analyst Stan Berenshteyn lowered the firm’s price target on Doximity to $25 from $37 and keeps an Equal Weight rating on the shares. The firm expects shares to remain pressured from low visibility and the unclear timing and outcome of strategy pivots, impacts from which are unlikely to be felt in 2024, the analyst tells investors in a research note.