These relatively reliable healthcare businesses are performing much better than their beaten-down stock prices would suggest.
The social-media platform for healthcare professionals fell early in the week before bouncing back a bit.
Ever since Doximity (NYSE: DOCS) went public in June 2021, the stock has been commanding a significant premium. Unsurprisingly, as investors have become more focused on valuations and earnings multiples, shares of Doximity have been falling in value and are down 38% year to date. Investors may be wondering if this has created a buying opportunity for a business that still sees plenty of growth in its future.