Top 5 Losers on Wednesday

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1. Doximity, Inc. (NYSE:DOCS) has diminished 12.36% as of 11:55 AM ET after the target price of the San Francisco, California-based online social platform for medical professionals was decreased from $70 to $45 by Scott Berg at Needham. The analyst revised the price target following Doximity, Inc. (NYSE:DOCS) Q1 FY23 guidance. The company anticipates revenue and earnings to decline on a sequential basis due to normalization post-COVID. However, the analyst thinks that the sell-off following the company’s quarterly results reflects an overreaction by investors.

Of the 924 hedge funds in Insider Monkey’s database, Doximity, Inc. (NYSE:DOCS) was held by 33 hedge funds as of Q4 2021.

You can also take a peek at the 10 Software Stocks to Buy Now According to Jim Davidson’s Silver Lake Partners and 10 Tech Stocks to Buy Now According to Robert Pitts’ Steadfast Capital.

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