Leerink Partners Remains Bullish on GoodRx Holdings (GDRX)

GoodRx Holdings, Inc. (NASDAQ:GDRX) is one of the 13 Best Healthcare Stocks to Buy Under $10. On June 13, Leerink Partners analyst Michael Cherny maintained a bullish stance on GoodRx Holdings, Inc. (NASDAQ:GDRX), giving the stock a Buy rating with a $7 price target.

Jim Cramer Holds Back on GoodRx (GDRX)

A pharmacist assisting elderly customers with their GoodRX codes at a local pharmacy.

The analyst based the rating on the company’s potential for growth and strategic expansion. He stated that GoodRx Holdings, Inc. (NASDAQ:GDRX) is leveraging its elaborate consumer market reach through the introduction of a subscription service for erectile dysfunction medications Sildenafil and Tadalafil at competitive price points.

The analyst considers this move to be a promising expansion, aligning with the company’s mission to slash out-of-pocket expenses for customers. Cherny further stated that GoodRx Holdings, Inc. (NASDAQ:GDRX) holds a significant opportunity to boost its market standing under new leadership, especially through its telehealth capabilities, which have historically been underutilized.

Although he does not guarantee immediate success, the analyst believes that this strategic direction may result in a considerable broadening of GoodRx Holdings, Inc.’s (NASDAQ:GDRX) business beyond its core prescription transactions. The firm thus sees the company’s expansion into subscription services as an innovative step that may differentiate it in the competitive digital health market.

GoodRx Holdings, Inc. (NASDAQ:GDRX) offers a consumer-focused digital healthcare platform that provides free consumer access to convenient medical provider consultations through telehealth, reduced prices for brand and generic medications, and extensive healthcare research and information.

While we acknowledge the potential of GDRX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XXXX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.