BTIG upgrades Doximity saying pullback on macro fears overdone
Doximity shares have fallen from a recent high of $83 to around $52, pressured by fears of drug pricing reform, potential U.S.-China trade tensions, and broader macro uncertainty. But BTIG said the company's fundamentals remain intact and its guidance for fiscal 2026 is likely conservative. 'Our view is that many of the concerns driving the recent pullback are overdone,' analysts wrote. DOCS has beaten consensus revenue and EBITDA in 16 of the past 16 quarters, and tends to guide conservatively.
The firm pointed to Doximity's trailing 12-month net revenue retention rate of 119%, including 123% among its top 20 clients, as a sign of strong customer engagement. It also cited a 92% gross margin, EBITDA margin of 55%, and a debt-free balance sheet with $900 million in cash.
BTIG expects demand for targeted pharma sales technology to remain strong despite pressure on research-related services. The firm said recent results from peer Veeva showed the highest commercial revenue growth in three years, reinforcing the trend.
Doximity's self-service portal, which allows clients to directly manage campaign spending, was also highlighted as proof of high return on investment.
Valuation-wise, DOCS trades at 21.7x estimated 2027 EBITDA, slightly above the peer average. BTIG's $80 target implies 35x, which it said is justified by strong margins and high visibility in revenue.
'The company is well -positioned to benefit from the bio -pharma recovery, and we expect demand for digital advertising solutions to pick back up,' BTIG added.
Related articles
BTIG upgrades Doximity saying pullback on macro fears overdone
RBC upgrades Osisko to Outperform as Cariboo project advances
Closed Newark runway reopens ahead of schedule after renovations
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
36 minutes ago
- Yahoo
Denison Mines Corp. (DNN): Among the Energy Stocks that Gained This Week
The share price of Denison Mines Corp. (NYSE:DNN) surged by 15.51% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week. An open pit mine with a large yellow excavator machine with tailings visible in the background, illustrating the uranium extraction process. Denison Mines Corp. (NYSE:DNN) is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. Denison Mines Corp. (NYSE:DNN) shot up this week after the company announced that it had commenced uranium mining operations at the McClean North deposit using the patented SABRE mining method, together with Orano Canada as its joint venture partner. Denison owns a 22.5% interest in the JV, while Orano Canada owns 77.5%. David Cates, President and CEO of Denison Mines Corp. (NYSE:DNN), stated: 'The successful commencement of SABRE mining at McClean North marks a significant milestone in the history of the MLJV, as the joint venture returns to active mining operations for the first time since 2008. Orano Canada is a world-class operator that has consistently demonstrated excellence in operation and innovation in Saskatchewan. We congratulate Orano on its leadership, long-term vision, and dedication to the development of the MLJV's SABRE mining method and ultimately the commercialization of the technology through the deployment at McClean North.' While we acknowledge the potential of DNN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Sign in to access your portfolio
Yahoo
36 minutes ago
- Yahoo
Peabody Energy (BTU) Surged by Over 16% This Week. Here is Why.
The share price of Peabody Energy Corporation (NYSE:BTU) surged by 16.53% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week. A coal miner in a thick protective suit and helmet drilling for coal under bright lights. Peabody Energy Corporation (NYSE:BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Peabody Energy Corporation (NYSE:BTU) was among the coal stocks that gained this week after the Chinese government warned that it may shutter coal mines guilty of producing above permitted levels, as part of a crackdown on overmining. According to a report by Bloomberg, China's National Energy Administration is carrying out monthlong inspections in eight provinces and regions, including the biggest coal hubs, as part of a crackdown on overmining that it says has distorted the market. The American coal sector also received a boost last month following the passage of President Trump's 'Big, Beautiful Bill, ' which mandates at least 4 million additional acres of federal land be made available for mining. Moreover, the legislation allows producers of metallurgical coal, like Peabody Energy Corporation (NYSE:BTU), to claim an advanced manufacturing production tax credit available for critical minerals. While we acknowledge the potential of BTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Looking For Yields: CMS Energy, Altria, And Evergy Are Consistent Moneymakers
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. CMS Energy, Altria, and Evergy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to nearly 7%. CMS Energy CMS Energy Corp. (NYSE:CMS) is an energy company focused principally on utility operations in Michigan. Don't Miss: Be part of the breakthrough that could replace plastic as we know it—invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. $100k+ in investable assets? – no cost, no obligation. The company has increased its dividends every year for the last 18 years. In its most recent dividend hike announcement on Feb. 6, the company raised the quarterly payout from $0.515 to $0.5425 per share, equal to an annual figure of $2.17. More recently, in its dividend announcement on July 21, the company maintained the payout at the same level. Currently, the dividend yield is 3%. CMS Energy's annual revenue as of March 31 stood at $7.79 billion. The company on April 24 posted Q1 2025 revenues of $2.45 billion, above the consensus estimate of $2.23 billion, while EPS of $1.02 missed the consensus of $1.03. How is the market feeling about CMS Energy? Check out this article by Benzinga to learn more. Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — Altria Altria Group Inc. (NYSE:MO) manufactures and sells smokeable and oral tobacco products in the U.S. Altria Group has raised its dividends 59 times in the past 55 years. In its most recent dividend hike announcement on Aug. 22, the board raised the quarterly payout by 4.1% to $1.02 per share, equaling an annual figure of $4.08 per share. More recently, in its dividend announcement on May 15, the company maintained the payout at the same level. The current dividend yield on the stock is 6.92%. Altria Group's annual revenue as of March 31 stood at $20.25 billion. The company on April 29 posted Q1 2025 revenues of $5.26 billion and EPS of $1.23, both beating the consensus Evergy Inc. (NASDAQ:EVRG) generates, distributes, and sells electricity in the U.S. Evergy has increased its dividends every year for the last seven years. In its most recent dividend hike announcement on Nov. 7, it raised the quarterly payout by 4% to $0.6675 per share, which is equal to an annual figure of $2.67 per share. More recently, in its quarterly earnings announcement on May 8, the company maintained the payout at the same level. The current dividend yield on the stock stands at 3.87%. Evergy's annual revenue as of March 31 stood at $5.89 billion. In its Q1 2025 earnings report on May 8, the company posted revenues of $1.38 billion, above the consensus estimate of $1.08 billion, while EPS of $0.54 missed the consensus of $0.66. CMS Energy, Altria, and Evergy are good choices for investors seeking reliable passive income. Their dividend yields of up to nearly 7% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: If there was a new fund backed by Jeff Bezos offering a ? Image: Shutterstock This article Looking For Yields: CMS Energy, Altria, And Evergy Are Consistent Moneymakers originally appeared on Sign in to access your portfolio
