BUZZ-Doximity falls on FY26 revenue forecast miss

Reuters
16 May
BUZZ-Doximity falls on FY26 revenue forecast miss

** Shares of telehealth firm Doximity DOCS.N slump 14.7% to $49.84 after co's forecast misses expectations

** Co forecasts FY26 revenue between $619 mln and $631 mln vs analysts' estimate of $635 mln - data compiled by LSEG

** Midpoint of Q1 revenue outlook also below estimate

** At least four brokerages cut PT, including Truist Securities

** Piper Sandler lowers PT but says they "would buy this morning's weakness" as co's top-line growth forecast is appropriate due to uncertain impact of policy

** Eight out of 20 analysts rate stock as "buy" or higher, 12 "hold"; median PT is $70

** Including session's moves, DOCS down 5.6% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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