Why GoodRx Holdings Stock Popped Today

Shares of GoodRx Holdings (NASDAQ: GDRX) popped on Monday after a Wall Street analyst said the stock could go higher. However, as we'll see, there might be a little bit more to it than that. But whatever the exact catalyst, GoodRx stock was up 9% as of 2:45 p.m. EST.

Vikram Kesavabhotla with Guggenheim initiated coverage of GoodRx today, according to The Fly. You see, GoodRx has only been a public company for a few months, and it takes time for firms to start doing analysis and issuing price targets. It turns out Kesavabhotla likes GoodRx enough to start the stock off with a buy recommendation and a price target of $52 per share.

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Source Fool.com