GoodRx Holdings Analyst Turns Bullish Ahead Of Q1 Earnings
Portfolio Pulse from Priya Nigam
GoodRx Holdings Inc (NASDAQ:GDRX) received an upgrade to Overweight from Wells Fargo analyst Scott Schoenhaus, with a revised price target of $9. The upgrade is based on encouraging signs such as increased app downloads, a sequential rise in monthly active users (MAUs), and an increase in Gold subscribers. The stock was noted for trading at a discount compared to its peers and historical average, despite being a high-growth, high-margin company.
April 10, 2024 | 4:10 pm
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GoodRx Holdings Inc was upgraded to Overweight by Wells Fargo analyst Scott Schoenhaus, with a price target revision to $9, based on positive growth indicators like app downloads, MAUs, and Gold subscribers.
The upgrade by Wells Fargo, based on encouraging growth indicators such as increased app downloads, MAUs, and Gold subscribers, suggests a positive outlook for GoodRx Holdings. The analyst's bullish stance and the revision of the price target to $9 reflect expectations of strong performance, likely leading to a positive short-term impact on GDRX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100