Investment Thesis
Doximity (DOCS) may not be the most followed business going. But it should soon gather a lot of attention since it already delivers on a Rule of 50!
What's more, I like this business since it not only oozes free cash flow but also, its balance sheet is in pristine condition with no debt.
In sum, I believe that paying 30x this year's free cash flow makes a lot of sense for new investors looking for a new addition to their portfolio.
Price target of $55 by the end of 2025.
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