GoodRx Holdings Inc. (GDRX) PT Lowered to $50 at Cowen

Cowen analyst Charles Rhyee lowered the price target on GoodRx Holdings Inc. (NASDAQ: GDRX) to $50.00 (from $63.00) while maintaining an Outperform rating.

The analyst commented, "As we further consider AMZN's entry into the discount card space, we continue to see limited N-T risk for GDRX, given survey data indicating differing target demographics and our analysis that GDRX pricing is fairly consistently lower than AMZN. L-T, high interest among Prime members for AMZN pharmacy could bleed into the discount program. We maintain our Outperform rating but lower PT to $50."

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