Doximity price target raised to $27 from $25 at Wells Fargo

Wells Fargo raised the firm’s price target on Doximity to $27 from $25 and keeps an Equal Weight rating on the shares. The company’s fiscal Q3 beat helps raise estimates and early data on the new portal and go-to-market changes “appears promising,” the analyst tells investors in a research note. However, the firm says it is unlikely to be a “silver bullet for revenue acceleration.”