Ali Ahmed
2 min read
In This Article:
GoodRx Holdings, Inc. (NASDAQ:GDRX) is one of the 11 Best US Stocks to Invest in Under $5. On May 14, KeyBanc Capital Markets reiterated an “Overweight” rating on GoodRx Holdings, Inc. (NASDAQ:GDRX) with a price target of $6.
KeyBanc’s analyst, Scott Schoenhaus, highlighted the current position of GoodRx Holdings, Inc. (NASDAQ:GDRX) within the challenging retail pharmacy industry. The analyst noted that the company is making strategic moves to navigate challenges, including the company’s direct contracting strategy and its response to events like the recent Rite Aid bankruptcy.
A pharmacist assisting elderly customers with their GoodRX codes at a local pharmacy.
GoodRx Holdings, Inc. (NASDAQ:GDRX) is focusing on new opportunities that involve various players in the pharmacy ecosystem, including manufacturers, retailers, pharmacy benefit managers (PBMs), and consumers. While the re-acceleration of Monthly Active Consumers (MACs) might be delayed until next year, GoodRx Holdings, Inc. (NASDAQ:GDRX) has the potential to increase revenue per MAC through these direct contracting relationships.
Schoenhaus also expressed confidence in CEO Wendy Barnes and her team’s ability to carry out a profitable growth plan, which could lead to higher estimates for 2025.
GoodRx Holdings, Inc. (NASDAQ:GDRX) is an American company that is known for its digital healthcare platform that connects consumers, healthcare professionals, payers, PBMs, pharma manufacturers, and retail pharmacies to make medications more accessible.
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Disclosure: None.
