1132 ET - The big selloff in Doximity shares tied to its conservative outlook feels draconian and misses the bigger picture on the strides Doximity made during fiscal 2025, Raymond James analysts say in a research note. The guidance feels appropriately de-risked given uncertainty in the wider economy, there have been no emerging signs of weakness in its market and backlog growth entering the year appears to be up a healthy 20%, the analysts say. The company seems to have made progress in fiscal 2025 on its client portal, new products and multi-module buying, which have the analysts more confident about the company's growth rate. The analysts maintain an outperform rating. Shares are down 14% at $50.16. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 11:32 ET (15:32 GMT)
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