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GoodRx Strengthens Core Business With New Initiatives, Analyst Upgrades On Potential Opportunities

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RBC Capital Markets issued an upgrade for GoodRx Holdings Inc (NASDAQ:GDRX) shares.

The analyst stated the Integrated Savings Program (ISP) and direct contracting (DC) initiatives, along with the expansion of its manufacturing solutions business, offered significant new growth opportunities and strengthened the stability of its core Rx transaction business.

Related: Change Healthcare Cyberattack: GoodRx Expects Low Single Digit Million-Dollar Impact In 2024.

“We think this ‘hybrid’ approach presents both some incremental revenue opportunity while also better insulating GDRX from PBM-retailer disruptions like what happened with Kroger in mid-2022,” RBC wrote.

GoodRx announced a new direct contracting agreement with Kroger Co. (NYSE:KR) earlier this …

Full story available on Benzinga.com

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