GoodRx (GDRX) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GoodRx in the last year. There are currently 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GDRX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GDRX, but not buy additional shares or sell existing shares.
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14 brokers have issued 12-month target prices for GoodRx's shares. Their GDRX share price forecasts range from $6.50 to $12.00. On average, they expect the company's stock price to reach $8.44 in the next twelve months. This suggests a possible upside of 51.8% from the stock's current price.
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GoodRx's stock was trading at $4.66 on January 1st, 2023. Since then, GDRX shares have increased by 19.3% and is now trading at $5.56.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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GoodRx Holdings, Inc. (NASDAQ:GDRX) issued its quarterly earnings data on Wednesday, August, 9th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $189.68 million for the quarter, compared to analyst estimates of $186.90 million. GoodRx had a net margin of 1.58% and a trailing twelve-month return on equity of 2.44%.

ETFs with the largest weight of GoodRx (NASDAQ:GDRX) stock in their portfolio include Invesco Next Gen Media and Gaming ETF (PBS), WisdomTree Growth Leaders Fund (PLAT) and Global X Telemedicine & Digital Health ETF (EDOC).IQ Chaikin U.S. Small Cap ETF (CSML).

GoodRx issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $186.00 million-$190.00 million, compared to the consensus revenue estimate of $192.58 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other GoodRx investors own include Gilead Sciences (GILD), NVIDIA (NVDA), AbbVie (ABBV), Bristol-Myers Squibb (BMY), DraftKings (DKNG), GW Pharmaceuticals (GWPH), Rocket Companies (RKT), AT&T (T), Advanced Micro Devices (AMD) and Alteryx (AYX).

(GDRX) raised $900 million in an IPO on Wednesday, September 23rd 2020. The company issued 34,600,000 shares at a price of $24.00-$28.00 per share. Morgan Stanley, Goldman Sachs, J.P. Morgan and Barclays acted as the underwriters for the IPO and BofA Securities, Citigroup, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Cowen, Deutsche Bank Securities, Evercore ISI, Citizens Capital Markets, KKR, LionTree, Raymond James, SVB Leerink, Academy Securities, Loop Capital Markets, R. Seelaus and Ramirez were co-managers.

GoodRx trades on the NASDAQ under the ticker symbol "GDRX."

GoodRx's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (0.63%), BlackRock Inc. (0.52%), Dimensional Fund Advisors LP (0.31%), Assenagon Asset Management S.A. (0.30%), Rip Road Capital Partners LP (0.24%) and ExodusPoint Capital Management LP (0.23%). Insiders that own company stock include Abdiel Capital Management, Llc, Agnes Rey-Giraud, Andrew Slutsky, Babak Azad, Bansi Nagji, Douglas Joseph Hirsch, Idea Men, Llc, Karsten Voermann, Lake Group LLC Silver and Trevor Bezdek.
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Shares of GDRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GDRX stock can currently be purchased for approximately $5.56.

GoodRx (NASDAQ:GDRX) has a market capitalization of $2.21 billion and generates $766.55 million in revenue each year. The company earns $-32,830,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.

The company employs 952 workers across the globe.

GoodRx's mailing address is 233 WILSHIRE BLVD. SUITE 990, SANTA MONICA CA, 90401. The official website for the company is www.goodrx.com. The company can be reached via phone at 855-268-2822 or via email at alex@blueshirtgroup.com.