Stifel Nicolaus analyst David Grossman maintained a Buy rating on DocGo (DCGO – Research Report) today and set a price target of $12.00. The company’s shares closed last Friday at $4.99.
According to TipRanks, Grossman is a 5-star analyst with an average return of 10.9% and a 62.86% success rate. Grossman covers the Technology sector, focusing on stocks such as Accenture, Exlservice Holdings, and DXC Technology.
Currently, the analyst consensus on DocGo is a Strong Buy with an average price target of $12.40, which is a 148.50% upside from current levels. In a report released on December 6, Northland Securities also assigned a Buy rating to the stock with a $16.00 price target.
See the top stocks recommended by analysts >>
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 50 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
DocGo (DCGO) Company Description:
Motion Acquisition Corp is a blank check company.
Read More on DCGO:
