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Tempus AI vs. Doximity: Which AI in Healthcare Stock is a Better Buy?

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Artificial intelligence (AI) is rapidly being integrated into every domain of healthcare, giving birth to a new class of tech-driven innovators. Tempus AI (TEM - Free Report) and Doximity (DOCS - Free Report) stand out as emerging players in the AI health tech space. These two offer distinct approaches to innovation and market disruption.

Tempus AI is focused on leveraging AI-driven precision medicine, particularly in oncology and chronic disease management, while Doximity operates as a digital platform connecting medical professionals with tools for communication, telehealth and workflow efficiency. With both companies showing promise, the question arises: which stock is the better buy at this moment? Let's delve deeper.

3 Reasons to Be Bullish on Tempus AI

Revenue and Margins Expanding Together: Tempus AI ended 2024 on a high note, posting 35.8% year-over-year revenue growth in the fourth quarter. Even more impressive was the fact that its gross profit rose 49.7%, highlighting improving operational leverage. Its high-margin Data and Services business gained traction, supported by a 140% net revenue retention rate and $940 million in remaining contract value. Management sees this margin momentum as a lever to reinvest in technology, R&D and top-tier talent.

Acquisitions Reinforce Clinical and Data Infrastructure: Tempus AI’s 2025 acquisitions of Deep 6 AI and Ambry Genetics have expanded its clinical footprint to more than 750 sites and 30 million patients, while enhancing lab infrastructure and data depth-strengthening its precision medicine platform.

Positive EBITDA on the Horizon: Although fourth-quarter adjusted EBITDA was negative $7.8 million, it reflected a $27.3 million year-over-year improvement. With more than 25% overall business growth and an expected $5 million in positive adjusted EBITDA ahead, Tempus AI is trending toward long-term profitability. This reflects disciplined execution and cost management.

3 Reasons to Be Bullish on Doximity

Strong Financials With Scalable Margins: Doximity posted stellar third-quarter fiscal 2025 results, with revenues up 25% year over year, 10% above the guidance. The company raised full-year revenue expectations by $28 million, driven by robust pharma demand. Adjusted EBITDA hit a record $102 million with a 61% margin, up from 54% last year. With 93% adjusted gross margins and 30% growth in free cash flow, Doximity’s scalable model is clearly paying off.

Growing Engagement and Telehealth Strength: User engagement is increasing across all metrics, with over 1 million prescribers on the news feed and 610,000 using workflow tools. AI usage jumped 60% quarter over quarter. Doximity has been named Best in KLAS for telehealth for the fourth straight year and now supports over 250 hospital systems.

Expanding Market Share With Strong Outlook: As the healthcare provider (digital marketing space grows 5-7%, Doximity is positioned to outpace the market, thanks to high user engagement and deep product integration. The company expects 13% revenue growth in the fiscal fourth quarter and 19% for the full year, reinforcing its bullish trajectory.

Stock Performance & Valuation

TEM (up 24.6%) has outperformed DOCS (up 3.7%) over the past three months. Yet, in the past year, DOCS has rallied 99.3% compared with TEM’s 0.1% rise.

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Meanwhile, Tempus AI is trading at a forward 12-month price-to-sales (P/S) ratio of 5.24, below its median of 8.49 over the last one year. Doximity’s forward sales multiple sits at 15.29X, above its last one-year median of 14.39X. Both Tempus AI and Doximity stocks appear pretty expensive when compared with the Medical sector average of 2.5X. Currently, DOCS and TEM stocks have a Value Score of D and F, respectively.

 

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Comparing EPS Projections: Tempus AI & Doximity

The Zacks Consensus Estimate for TEM’s 2025 loss per share suggests a 63% improvement from 2024.

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The Zacks Consensus Estimate for DOCS’ fiscal 2025 EPS implies an improvement of 37.9% over the previous fiscal.

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DOCS Considered a Better Investment by Brokers

Doximity currently has an average brokerage recommendation (ABR) of 2.20 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 20 brokerage firms (Strong Buy and Buy, respectively, account for 35% and 10% of all recommendations.). An ABR of 2.20 indicates Buy.

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Tempus AI currently has an ABR of 2.24 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms (Strong Buy and Buy, respectively, account for 27.27% and 18.18% of all recommendations).

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Choose DOCS Over TEM Now

While both Doximity and Tempus AI are promising players in the digital health space, Doximity, a Zacks Rank #2 (Buy) stock, presents a more stable and financially sound investment opportunity at this stage. With strong profitability and margins along with consistently growing user engagement, Doximity offers a capital-efficient model that generates substantial free cash flow and delivers steady returns.

Tempus AI, a Zacks Rank #3 (Hold) stock, though rapidly growing and expanding its clinical footprint, is still in the investment phase. It is yet to report positive earnings. For investors seeking lower execution risk, financial predictability and a proven track record, Doximity emerges as a more compelling choice.

You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.


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