Doximity upgraded to Outperform from Market Perform at Leerink

Leerink upgraded Doximity (DOCS) to Outperform from Market Perform with a price target of $90, up from $60. While “admittedly late on this,” the firm sees the continuation of core growth trends, driven by better attach rates on early customer buys and the long-term portal expansion, driving ongoing positive reversions, the analyst tells investors. The adjusted growth multiple, when compared to a broader tech peer set, shows support for valuation and the firm is “done fighting the trend,” the analyst added.