In a report released today, David Grossman from Stifel Nicolaus assigned a Buy rating to DocGo (DCGO – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $6.17.
According to TipRanks, Grossman is a 5-star analyst with an average return of 10.6% and a 62.80% success rate.
DocGo has an analyst consensus of Strong Buy, with a price target consensus of $12.40, which is a 100.97% upside from current levels. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $13.00 price target.
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Based on DocGo’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $186.55 million and a net profit of $4.76 million. In comparison, last year the company earned a revenue of $104.32 million and had a net profit of $3.15 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DCGO in relation to earlier this year.
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DocGo (DCGO) Company Description:
Motion Acquisition Corp is a blank check company.
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