A Bull Market Is Coming, and This Small Healthcare Stock Could Provide Massive Growth
Healthcare software company Doximity (NYSE: DOCS) is showing signs it's back on the path to sustainable growth. The stock is up some 60% since its November 2022 lows, and though the latest quarterly earnings update was a mixed bag, there was plenty of good news to justify the rally.
Economic headwinds will persist in calendar year 2023, so Doximity's management is being cautious. But it looks like a new bull market (one that might have already started, or could begin later this year, depending on whom you ask) could rocket this healthcare software stock higher in the years to come.
Doximity primarily makes money through advertising on its app -- sometimes described as the LinkedIn of the medical community. Nearly all physicians in the U.S. are on the Doximity app, making it an ideal place for pharmaceutical companies and other healthcare networks to place ads, hunt for talent, and the like.
Source Fool.com
