Rating Change
Wells Fargo analysts downgraded Doximity, Inc. (NYSE:DOCS) from Equal-Weight to Underweight on August 10, 2026.
downgradeNYSE:DOCS
Doximity, Inc. (DOCS) Downgraded to Underweight by Wells Fargo
Wells Fargo analysts downgraded Doximity, Inc. (NYSE:DOCS) from Equal-Weight to Underweight on August 10, 2026.
At publication ·
What changed
Doximity, Inc. (NYSE:DOCS) · downgrade
- Firm
- Wells Fargo
- Rating
- Equal-Weight to Underweight
- Price at event
- $25.63
- Market capitalization
- $8.3B
At a glance
Key takeaways
- Wells Fargo downgraded Doximity (DOCS) from Equal-Weight to Underweight on August 10, 2026, while the stock trades at $25.63 with an $8.3B market capitalization.
Market Context
Doximity, Inc. operates in the Healthcare sector. The stock currently trades at $25.63 with a market capitalization of $8.3B. The stock has declined 55.7% over the past 52 weeks.
Analyst downgrades can weigh on a stock in the short term as institutional investors who follow Wells Fargo's research adjust their positions. However, downgrades also sometimes create buying opportunities if the market overreacts to the rating change. The reasoning behind the downgrade matters more than the rating itself.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Doximity, Inc.
Among the 10 most recent ratings: 2 Buy, 6 Hold, 2 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Underweight | N/A |
| Aug 07, 2026 | Piper Sandler | Overweight | N/A |
| Aug 07, 2026 | JP Morgan | Neutral | N/A |
| Aug 07, 2026 | Evercore ISI Group | In-Line | N/A |
| Jun 29, 2026 | B of A Securities | Underperform | N/A |
Related Tools: Analyst Ratings Dashboard | View DOCS Stock Page
Frequently Asked Questions
What does the Underweight rating mean for DOCS?
A rating of Underweight from Wells Fargo reflects the analyst's outlook on Doximity, Inc. (NYSE:DOCS). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the DOCS forecast page.