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DOCS
Benzinga
193 days

Digital Health Platform Doximity Stock Jumps On Upbeat Annual Outlook, Analysts Raise Forecast

1. Doximity beats Q3 earnings with adjusted EPS of 45 cents. 2. Sales increased 25% YoY to $168.6 million, surpassing expectations. 3. Guidance raised for Q4 revenue forecast to $132.5-$133.5 million. 4. Analysts raise Doximity's price targets significantly post-results. 5. DOCS stock surged 37% to $79.80 after the earnings report.

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FAQ

Why Very Bullish?

Strong earnings beat and upward guidance typically drive stock prices higher. Past earnings beats have historically boosted DOCS stock performance.

How important is it?

The article contains major financial metrics and guidance affecting investor sentiment and stock perception. Earnings reports significantly influence stock valuation and market movements.

Why Short Term?

Immediate investor reactions to quarterly results will drive short-term price movements. Such events usually lead to quick market corrections.

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