Trending tickers: Tesla, Microsoft, Wise, Dr. Martens
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2024
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Source: Yahoo Finance
- Tesla Layoffs: Tesla's stock dropped 5.6% following an announcement of job cuts, with a focus on China sales department, to reduce 10% of its global headcount due to competition in the electric vehicle market.
- Microsoft Investment: Microsoft is investing $1.5bn in UAE-based AI firm G42, acquiring a minority stake and a board seat amid US concerns about foreign technological advances.
- Wise Earnings Report: Fintech company Wise saw its stock plunge after reporting fourth-quarter revenue below analyst expectations, trading around 8% lower in London.
- Dr. Martens Stock Decline: Dr. Martens' stock fell around 30% as CEO Kenny Wilson is set to leave, with the company expecting revenue decline and a potential profit fall of almost 70%.
- Market Trends: European stocks slumped, with Tesla facing competition from Chinese rival BYD in China, Microsoft's stock falling slightly, and Dr. Martens experiencing challenges with turnover in top ranks.
Analyst Views on DOCS
Wall Street analysts forecast DOCS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOCS is 62.75 USD with a low forecast of 50.00 USD and a high forecast of 82.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
10 Buy
4 Hold
1 Sell
Moderate Buy
Current: 40.800
Low
50.00
Averages
62.75
High
82.00
Current: 40.800
Low
50.00
Averages
62.75
High
82.00
About DOCS
Doximity, Inc. provides a digital platform for the United States medical professionals. It offers marketing, hiring, and workflow solutions to pharmaceutical manufacturers, health systems, medical recruiting firms, and other healthcare companies. Its marketing solutions enable its pharmaceutical and health system customers to get the right content, services, and peer connections to the right medical professionals through a variety of modules. Its hiring solutions provide digital recruiting capabilities to health systems and medical recruiting firms, enabling them to identify, connect with, and hire from its network of both active and passive medical professional candidates, who might otherwise be missed through traditional recruiting channels. Its workflow solutions include its telehealth, on-call scheduling, and AI-powered workflow tools, are designed to help clinicians streamline their clinical workflow, reduce their administrative burden, and connect with patients and colleagues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
