10 Firms Post Double-Digit Gains on Friday

1. Doximity Inc. (NYSE:DOCS)

Doximity (DOCS) saw its share prices surge by 35.99 percent on Friday to close at $79.23 apiece after reporting an impressive earnings performance in the third quarter of fiscal year 2025.

In its earnings release, DOCS said net income in the third quarter jumped by 57 percent to $75.2 million from $48 million year-on-year, while net profit for the first nine months increased by 50.2 percent to $160.7 million from $106.96 million year-on-year.

Meanwhile, revenues for the quarter grew by 24.6 percent to $168.6 million from $135.28 million year-on-year, while revenues in nine months rose by 21 percent to $432 million from the $357 million registered in the same period a year earlier.

For the full fiscal year ending March 31, 2025, DOCS said it expects revenues to settle between $564.6 million and $565.6 million.

While we acknowledge the potential of DOCS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DOCS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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