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Goldman Sachs Raises GoodRx (GDRX) Price Target, Keeps Neutral Rating
Yahoo Finance· 2025-11-08 02:34
Core Insights - GoodRx Holdings, Inc. (NASDAQ:GDRX) has been identified as one of the best American penny stocks to buy, with Goldman Sachs raising its price target from $3.75 to $4 while maintaining a Neutral rating [1][3] Company Performance - GoodRx reported strong performance in its third quarter of 2025, particularly through its pharmaceutical manufacturer solutions [3] - The company is actively working on expanding accessibility and affordability programs and is in discussions regarding participation in the TrumpRx initiative [2] Marketing and Brand Initiatives - A new brand campaign has been launched by GoodRx to enhance awareness of its consumer products and services, including new subscription services targeting hair loss and weight loss treatments [4] Industry Challenges - The industry faces ongoing challenges, including uncertainties surrounding the Affordable Care Act marketplace subsidies and Medicaid support [3] - Potential regulatory changes and platform launches from Washington could lead to volatility for GoodRx [5] - Consumer affordability challenges are expected to remain a significant concern for investors [5] Company Overview - GoodRx is recognized for its digital healthcare platform that connects various stakeholders, including consumers, healthcare professionals, payers, PBMs, pharmaceutical manufacturers, and retail pharmacies, to improve medication affordability and accessibility [6]