Why GoodRx Stock Is Trading Higher Monday
Portfolio Pulse from Erica Kollmann
GoodRx Holdings, Inc. (GDRX) shares are trading higher after TD Cowen upgraded its rating of the stock to Outperform and raised its price target from $6.5 to $12. The company's shares are up more than 30% on heavy trading volume. GoodRx also announced the release of its Medicine Cabinet app for iOS and will report its Q2 financial results on Aug. 9.
July 31, 2023 | 3:52 pm
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POSITIVE IMPACT
GoodRx's stock is trading higher due to an upgrade by TD Cowen and the release of a new app. The company is also set to report its Q2 results soon.
The upgrade by TD Cowen and the release of a new app have positively impacted GoodRx's stock. The upcoming Q2 results could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100