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The message below is one we think you should take a close, serious look at.   Goodrx Holdings Inc (NASDAQ: GDRX) ended nearly 20% up on Thursday after a Citi analyst issued a bullish note on the California-based telemedicine company. Goodrx stock has upside to $7.0 a share Daniel Grosslight assumed coverage of the healthcare stock this morning with a “buy” rating and a $7.0 price target that represents a 60% upside on its previous close. He’s constructive on Goodrx as it benefits from inefficient drug distribution. The note reads: It feeds off the exhaust of a complex and opaque drug distribution channel which, in our view, disadvantages patients. That said, we don’t see the irrationality/complexity/opacity of drug distribution abating anytime soon. The analyst is applying a multiple of 15 times on the estimated adjusted EBITDA for fiscal 2023. Versus the start of 2022, Goodrx is currently down more than 80%. Goodrx can overcome its near-term headwinds Grosslight agrees that rising competition and renegotiation with Kroger remain a headwind for Goodrx stock but is convinced that these are not existential headwinds and can only moderate EBITDA margin and revenue growth in the near term. Last month, the pharmacy discount cards company reported its financial results for the third quarter that handily topped Street expectations. The analyst wrote: In our view, GDRX will continue to serve a vital role in bringing transparency/consumerism to a historically unshopable market. Goodrx, though, guided for its fourth-quarter revenue to fall between $175 million and $180 million. In comparison, analysts were at $204 million. Also in November, Wheel acquired Goodrx Care’s backend virtual care technology. The post This telemedicine stock could shoot up 60%: Citi appeared first on Invezz. !@#$%^&*() *z$%xiP%j(#lpqc^ )$wocx%^*ybp*j^u White Label, Multi-Protocol + Edge-to-Cloud Offering – Enables Companies to Work with All Leading Ecosystems and Across All Major Wireless Protocols. LEXI, the company behind the industry’s most comprehensive IoT technologies that are transforming how both enterprises and consumers manage and automate their Smart Spaces, today announced the LEXI IoT Platform – a sizable step forward in easing the IoT experience for everyone connecting products, across apps, and across ecosystems. LEXI’s suite of software and hardware provides complete functionality for enterprise customers to deploy a comprehensive Smart Home offering or Commercial IoT project. Fully interoperable with leading IoT products/brands, the LEXI IoT Platform is being deployed across market segments including Smart Building, Smart City, Smart Home, Smart Agriculture, Environmental Monitoring, Industrial Control, Logistics and HVAC. Universal. Multi-Protocol. Interoperable. Intelligent. What differentiates the LEXI IoT Platform from everything else on the market is it’s far-reaching, future-ready design that supports all major wireless protocols including Wi-Fi, Bluetooth, Zigbee, Z-Wave, 900MHz, LoRaWAN® and cellular – plus it’s upgradable to Thread and Matter. Intentionally universal, the LEXI IoT Platform caters to all major smart home ecosystems including Amazon Alexa, Google Home, Samsung SmartThings, IFTTT and soon Apple HomeKit, HomeAssistant and HomeBridge. “This essentially is the missing piece to move IoT stakeholders and users into the next level of smart living as the future is multi-protocol and it’s all about interoperability,” said John E. Osborne II, COO, LEXI. “Manufacturers, telcos and retailers need a flexible, future-proof IoT platform to wrap their brand around, while their customers need the ‘it just works’ factor to finally kick in and spur the adoption and expansion of smart-everything.” Already being rolled out to international telcos, the LEXI IoT Platform is comprised of three core components: LEXI Mobile Apps: Customizable, white-label iOS and Android mobile apps to add, control and manage devices. Works both with and without the LEXI Universal IoT Gateway. Universal IoT Gateway: Includes support for ALL 5 major wireless protocols plus a powerful NXP processor to run AI models at the edge. LEXI Cloud: U.S.-based cloud includes an admin portal, customer service portal, Roles-Based Access Control (RBAC), remove device control, a Big Data backend, and rich reporting & analytics dashboards. Additional differentiators include: Only IoT cloud platform built independently; delivers up to 90% cost savings over AWS IoT Core (utilized by competitive offerings) 40% faster in performance (compared to major cloud services) Forward compatibility with new wireless standards including Matter White-Label Options: App, cloud, software, smart devices, Tier 1 customer service, reporting & analytics, warehousing Platform-as-a-Service: Reduced operating costs, effective scalability, provides platform maintenance and flexibility, ready for the future Multi-layered network security with the power to run AI models at the edge Four U.S. patents in the applications of Machine Learning (ML), Computer Vision, and Artificial Reality to IoT Flexible suite of recurring revenue services can be resold as monthly subscriptions The LEXI IoT Platform is interoperable with third-party devices as well as a wide variety of LEXI white-labeled Smart Devices for Smart Homes, Buildings, and Industries. Products fall under the categories of lighting and controls, sensors, security cameras, air quality monitors, water management, asset trackers and more. “Companies can buy devices from overseas manufacturers, but they don’t have the resources to develop all the necessary software to competitively deploy, manage, report and support the IoT universe they’re offering to customers,” said Scott Cahill CEO, LEXI. “Our white-label, edge-to-cloud LEXI IoT Platform, which we have spent six years developing, brings relief to today’s often frustrating digital existence by providing not just smart, but intelligent connections to generate new revenue streams, attract new subscribers, and increase customer loyalty through a rewarding connected experience.” The post LEXI Introduces World’s First Universal IoT Platform appeared first on IoT Business News. Dear Reader, Forget about Fed announcements… Rate hikes… And everything else you hear on the “money channels.” For the first time, I’m revealing a recession-proof strategy, designed for everyone, that’s proven to work in bull and bear markets… And that could deliver thousands of dollars a month — no matter what happens in the market. Sound too good to be true? [I explain everything here.]( Sincerely, Larry Benedict Editor, Opportunistic Trader !@#$%^&*() *z$%xiP%j(#lpqc^ )$wocx%^*ybp*j^u Goodrx Holdings Inc (NASDAQ: GDRX) ended nearly 20% up on Thursday after a Citi analyst issued a bullish note on the California-based telemedicine company. Goodrx stock has upside to $7.0 a share Daniel Grosslight assumed coverage of the healthcare stock this morning with a “buy” rating and a $7.0 price target that represents a 60% upside on its previous close. He’s constructive on Goodrx as it benefits from inefficient drug distribution. The note reads: It feeds off the exhaust of a complex and opaque drug distribution channel which, in our view, disadvantages patients. That said, we don’t see the irrationality/complexity/opacity of drug distribution abating anytime soon. The analyst is applying a multiple of 15 times on the estimated adjusted EBITDA for fiscal 2023. Versus the start of 2022, Goodrx is currently down more than 80%. Goodrx can overcome its near-term headwinds Grosslight agrees that rising competition and renegotiation with Kroger remain a headwind for Goodrx stock but is convinced that these are not existential headwinds and can only moderate EBITDA margin and revenue growth in the near term. Last month, the pharmacy discount cards company reported its financial results for the third quarter that handily topped Street expectations. The analyst wrote: In our view, GDRX will continue to serve a vital role in bringing transparency/consumerism to a historically unshopable market. Goodrx, though, guided for its fourth-quarter revenue to fall between $175 million and $180 million. In comparison, analysts were at $204 million. Also in November, Wheel acquired Goodrx Care’s backend virtual care technology. The post This telemedicine stock could shoot up 60%: Citi appeared first on Invezz. White Label, Multi-Protocol + Edge-to-Cloud Offering – Enables Companies to Work with All Leading Ecosystems and Across All Major Wireless Protocols. LEXI, the company behind the industry’s most comprehensive IoT technologies that are transforming how both enterprises and consumers manage and automate their Smart Spaces, today announced the LEXI IoT Platform – a sizable step forward in easing the IoT experience for everyone connecting products, across apps, and across ecosystems. LEXI’s suite of software and hardware provides complete functionality for enterprise customers to deploy a comprehensive Smart Home offering or Commercial IoT project. Fully interoperable with leading IoT products/brands, the LEXI IoT Platform is being deployed across market segments including Smart Building, Smart City, Smart Home, Smart Agriculture, Environmental Monitoring, Industrial Control, Logistics and HVAC. Universal. Multi-Protocol. Interoperable. Intelligent. What differentiates the LEXI IoT Platform from everything else on the market is it’s far-reaching, future-ready design that supports all major wireless protocols including Wi-Fi, Bluetooth, Zigbee, Z-Wave, 900MHz, LoRaWAN® and cellular – plus it’s upgradable to Thread and Matter. Intentionally universal, the LEXI IoT Platform caters to all major smart home ecosystems including Amazon Alexa, Google Home, Samsung SmartThings, IFTTT and soon Apple HomeKit, HomeAssistant and HomeBridge. “This essentially is the missing piece to move IoT stakeholders and users into the next level of smart living as the future is multi-protocol and it’s all about interoperability,” said John E. Osborne II, COO, LEXI. “Manufacturers, telcos and retailers need a flexible, future-proof IoT platform to wrap their brand around, while their customers need the ‘it just works’ factor to finally kick in and spur the adoption and expansion of smart-everything.” Already being rolled out to international telcos, the LEXI IoT Platform is comprised of three core components: LEXI Mobile Apps: Customizable, white-label iOS and Android mobile apps to add, control and manage devices. Works both with and without the LEXI Universal IoT Gateway. Universal IoT Gateway: Includes support for ALL 5 major wireless protocols plus a powerful NXP processor to run AI models at the edge. LEXI Cloud: U.S.-based cloud includes an admin portal, customer service portal, Roles-Based Access Control (RBAC), remove device control, a Big Data backend, and rich reporting & analytics dashboards. Additional differentiators include: Only IoT cloud platform built independently; delivers up to 90% cost savings over AWS IoT Core (utilized by competitive offerings) 40% faster in performance (compared to major cloud services) Forward compatibility with new wireless standards including Matter White-Label Options: App, cloud, software, smart devices, Tier 1 customer service, reporting & analytics, warehousing Platform-as-a-Service: Reduced operating costs, effective scalability, provides platform maintenance and flexibility, ready for the future Multi-layered network security with the power to run AI models at the edge Four U.S. patents in the applications of Machine Learning (ML), Computer Vision, and Artificial Reality to IoT Flexible suite of recurring revenue services can be resold as monthly subscriptions The LEXI IoT Platform is interoperable with third-party devices as well as a wide variety of LEXI white-labeled Smart Devices for Smart Homes, Buildings, and Industries. Products fall under the categories of lighting and controls, sensors, security cameras, air quality monitors, water management, asset trackers and more. “Companies can buy devices from overseas manufacturers, but they don’t have the resources to develop all the necessary software to competitively deploy, manage, report and support the IoT universe they’re offering to customers,” said Scott Cahill CEO, LEXI. “Our white-label, edge-to-cloud LEXI IoT Platform, which we have spent six years developing, brings relief to today’s often frustrating digital existence by providing not just smart, but intelligent connections to generate new revenue streams, attract new subscribers, and increase customer loyalty through a rewarding connected experience.” The post LEXI Introduces World’s First Universal IoT Platform appeared first on IoT Business News. !@#$%^&*() *z$%xiP%j(#lpqc^ )$wocx%^*ybp*j^u Goodrx Holdings Inc (NASDAQ: GDRX) ended nearly 20% up on Thursday after a Citi analyst issued a bullish note on the California-based telemedicine company. Goodrx stock has upside to $7.0 a share Daniel Grosslight assumed coverage of the healthcare stock this morning with a “buy” rating and a $7.0 price target that represents a 60% upside on its previous close. He’s constructive on Goodrx as it benefits from inefficient drug distribution. The note reads: It feeds off the exhaust of a complex and opaque drug distribution channel which, in our view, disadvantages patients. That said, we don’t see the irrationality/complexity/opacity of drug distribution abating anytime soon. The analyst is applying a multiple of 15 times on the estimated adjusted EBITDA for fiscal 2023. Versus the start of 2022, Goodrx is currently down more than 80%. Goodrx can overcome its near-term headwinds Grosslight agrees that rising competition and renegotiation with Kroger remain a headwind for Goodrx stock but is convinced that these are not existential headwinds and can only moderate EBITDA margin and revenue growth in the near term. Last month, the pharmacy discount cards company reported its financial results for the third quarter that handily topped Street expectations. The analyst wrote: In our view, GDRX will continue to serve a vital role in bringing transparency/consumerism to a historically unshopable market. Goodrx, though, guided for its fourth-quarter revenue to fall between $175 million and $180 million. In comparison, analysts were at $204 million. Also in November, Wheel acquired Goodrx Care’s backend virtual care technology. The post This telemedicine stock could shoot up 60%: Citi appeared first on Invezz. White Label, Multi-Protocol + Edge-to-Cloud Offering – Enables Companies to Work with All Leading Ecosystems and Across All Major Wireless Protocols. LEXI, the company behind the industry’s most comprehensive IoT technologies that are transforming how both enterprises and consumers manage and automate their Smart Spaces, today announced the LEXI IoT Platform – a sizable step forward in easing the IoT experience for everyone connecting products, across apps, and across ecosystems. LEXI’s suite of software and hardware provides complete functionality for enterprise customers to deploy a comprehensive Smart Home offering or Commercial IoT project. Fully interoperable with leading IoT products/brands, the LEXI IoT Platform is being deployed across market segments including Smart Building, Smart City, Smart Home, Smart Agriculture, Environmental Monitoring, Industrial Control, Logistics and HVAC. Universal. Multi-Protocol. Interoperable. Intelligent. What differentiates the LEXI IoT Platform from everything else on the market is it’s far-reaching, future-ready design that supports all major wireless protocols including Wi-Fi, Bluetooth, Zigbee, Z-Wave, 900MHz, LoRaWAN® and cellular – plus it’s upgradable to Thread and Matter. Intentionally universal, the LEXI IoT Platform caters to all major smart home ecosystems including Amazon Alexa, Google Home, Samsung SmartThings, IFTTT and soon Apple HomeKit, HomeAssistant and HomeBridge. “This essentially is the missing piece to move IoT stakeholders and users into the next level of smart living as the future is multi-protocol and it’s all about interoperability,” said John E. Osborne II, COO, LEXI. “Manufacturers, telcos and retailers need a flexible, future-proof IoT platform to wrap their brand around, while their customers need the ‘it just works’ factor to finally kick in and spur the adoption and expansion of smart-everything.” Already being rolled out to international telcos, the LEXI IoT Platform is comprised of three core components: LEXI Mobile Apps: Customizable, white-label iOS and Android mobile apps to add, control and manage devices. Works both with and without the LEXI Universal IoT Gateway. Universal IoT Gateway: Includes support for ALL 5 major wireless protocols plus a powerful NXP processor to run AI models at the edge. LEXI Cloud: U.S.-based cloud includes an admin portal, customer service portal, Roles-Based Access Control (RBAC), remove device control, a Big Data backend, and rich reporting & analytics dashboards. Additional differentiators include: Only IoT cloud platform built independently; delivers up to 90% cost savings over AWS IoT Core (utilized by competitive offerings) 40% faster in performance (compared to major cloud services) Forward compatibility with new wireless standards including Matter White-Label Options: App, cloud, software, smart devices, Tier 1 customer service, reporting & analytics, warehousing Platform-as-a-Service: Reduced operating costs, effective scalability, provides platform maintenance and flexibility, ready for the future Multi-layered network security with the power to run AI models at the edge Four U.S. patents in the applications of Machine Learning (ML), Computer Vision, and Artificial Reality to IoT Flexible suite of recurring revenue services can be resold as monthly subscriptions The LEXI IoT Platform is interoperable with third-party devices as well as a wide variety of LEXI white-labeled Smart Devices for Smart Homes, Buildings, and Industries. Products fall under the categories of lighting and controls, sensors, security cameras, air quality monitors, water management, asset trackers and more. “Companies can buy devices from overseas manufacturers, but they don’t have the resources to develop all the necessary software to competitively deploy, manage, report and support the IoT universe they’re offering to customers,” said Scott Cahill CEO, LEXI. “Our white-label, edge-to-cloud LEXI IoT Platform, which we have spent six years developing, brings relief to today’s often frustrating digital existence by providing not just smart, but intelligent connections to generate new revenue streams, attract new subscribers, and increase customer loyalty through a rewarding connected experience.” The post LEXI Introduces World’s First Universal IoT Platform appeared first on IoT Business News. !@#$%^&*() *z$%xiP%j(#lpqc^ )$wocx%^*ybp*j^u White Label, Multi-Protocol + Edge-to-Cloud Offering – Enables Companies to Work with All Leading Ecosystems and Across All Major Wireless Protocols. LEXI, the company behind the industry’s most comprehensive IoT technologies that are transforming how both enterprises and consumers manage and automate their Smart Spaces, today announced the LEXI IoT Platform – a sizable step forward in easing the IoT experience for everyone connecting products, across apps, and across ecosystems. LEXI’s suite of software and hardware provides complete functionality for enterprise customers to deploy a comprehensive Smart Home offering or Commercial IoT project. Fully interoperable with leading IoT products/brands, the LEXI IoT Platform is being deployed across market segments including Smart Building, Smart City, Smart Home, Smart Agriculture, Environmental Monitoring, Industrial Control, Logistics and HVAC. Universal. Multi-Protocol. Interoperable. Intelligent. What differentiates the LEXI IoT Platform from everything else on the market is it’s far-reaching, future-ready design that supports all major wireless protocols including Wi-Fi, Bluetooth, Zigbee, Z-Wave, 900MHz, LoRaWAN® and cellular – plus it’s upgradable to Thread and Matter. Intentionally universal, the LEXI IoT Platform caters to all major smart home ecosystems including Amazon Alexa, Google Home, Samsung SmartThings, IFTTT and soon Apple HomeKit, HomeAssistant and HomeBridge. “This essentially is the missing piece to move IoT stakeholders and users into the next level of smart living as the future is multi-protocol and it’s all about interoperability,” said John E. Osborne II, COO, LEXI. “Manufacturers, telcos and retailers need a flexible, future-proof IoT platform to wrap their brand around, while their customers need the ‘it just works’ factor to finally kick in and spur the adoption and expansion of smart-everything.” Already being rolled out to international telcos, the LEXI IoT Platform is comprised of three core components: LEXI Mobile Apps: Customizable, white-label iOS and Android mobile apps to add, control and manage devices. Works both with and without the LEXI Universal IoT Gateway. Universal IoT Gateway: Includes support for ALL 5 major wireless protocols plus a powerful NXP processor to run AI models at the edge. LEXI Cloud: U.S.-based cloud includes an admin portal, customer service portal, Roles-Based Access Control (RBAC), remove device control, a Big Data backend, and rich reporting & analytics dashboards. Additional differentiators include: Only IoT cloud platform built independently; delivers up to 90% cost savings over AWS IoT Core (utilized by competitive offerings) 40% faster in performance (compared to major cloud services) Forward compatibility with new wireless standards including Matter White-Label Options: App, cloud, software, smart devices, Tier 1 customer service, reporting & analytics, warehousing Platform-as-a-Service: Reduced operating costs, effective scalability, provides platform maintenance and flexibility, ready for the future Multi-layered network security with the power to run AI models at the edge Four U.S. patents in the applications of Machine Learning (ML), Computer Vision, and Artificial Reality to IoT Flexible suite of recurring revenue services can be resold as monthly subscriptions The LEXI IoT Platform is interoperable with third-party devices as well as a wide variety of LEXI white-labeled Smart Devices for Smart Homes, Buildings, and Industries. Products fall under the categories of lighting and controls, sensors, security cameras, air quality monitors, water management, asset trackers and more. “Companies can buy devices from overseas manufacturers, but they don’t have the resources to develop all the necessary software to competitively deploy, manage, report and support the IoT universe they’re offering to customers,” said Scott Cahill CEO, LEXI. “Our white-label, edge-to-cloud LEXI IoT Platform, which we have spent six years developing, brings relief to today’s often frustrating digital existence by providing not just smart, but intelligent connections to generate new revenue streams, attract new subscribers, and increase customer loyalty through a rewarding connected experience.” The post LEXI Introduces World’s First Universal IoT Platform appeared first on IoT Business News. Goodrx Holdings Inc (NASDAQ: GDRX) ended nearly 20% up on Thursday after a Citi analyst issued a bullish note on the California-based telemedicine company. Goodrx stock has upside to $7.0 a share Daniel Grosslight assumed coverage of the healthcare stock this morning with a “buy” rating and a $7.0 price target that represents a 60% upside on its previous close. He’s constructive on Goodrx as it benefits from inefficient drug distribution. The note reads: It feeds off the exhaust of a complex and opaque drug distribution channel which, in our view, disadvantages patients. That said, we don’t see the irrationality/complexity/opacity of drug distribution abating anytime soon. The analyst is applying a multiple of 15 times on the estimated adjusted EBITDA for fiscal 2023. Versus the start of 2022, Goodrx is currently down more than 80%. Goodrx can overcome its near-term headwinds Grosslight agrees that rising competition and renegotiation with Kroger remain a headwind for Goodrx stock but is convinced that these are not existential headwinds and can only moderate EBITDA margin and revenue growth in the near term. Last month, the pharmacy discount cards company reported its financial results for the third quarter that handily topped Street expectations. The analyst wrote: In our view, GDRX will continue to serve a vital role in bringing transparency/consumerism to a historically unshopable market. Goodrx, though, guided for its fourth-quarter revenue to fall between $175 million and $180 million. In comparison, analysts were at $204 million. Also in November, Wheel acquired Goodrx Care’s backend virtual care technology. The post This telemedicine stock could shoot up 60%: Citi appeared first on Invezz. White Label, Multi-Protocol + Edge-to-Cloud Offering – Enables Companies to Work with All Leading Ecosystems and Across All Major Wireless Protocols. LEXI, the company behind the industry’s most comprehensive IoT technologies that are transforming how both enterprises and consumers manage and automate their Smart Spaces, today announced the LEXI IoT Platform – a sizable step forward in easing the IoT experience for everyone connecting products, across apps, and across ecosystems. LEXI’s suite of software and hardware provides complete functionality for enterprise customers to deploy a comprehensive Smart Home offering or Commercial IoT project. Fully interoperable with leading IoT products/brands, the LEXI IoT Platform is being deployed across market segments including Smart Building, Smart City, Smart Home, Smart Agriculture, Environmental Monitoring, Industrial Control, Logistics and HVAC. Universal. Multi-Protocol. Interoperable. Intelligent. What differentiates the LEXI IoT Platform from everything else on the market is it’s far-reaching, future-ready design that supports all major wireless protocols including Wi-Fi, Bluetooth, Zigbee, Z-Wave, 900MHz, LoRaWAN® and cellular – plus it’s upgradable to Thread and Matter. Intentionally universal, the LEXI IoT Platform caters to all major smart home ecosystems including Amazon Alexa, Google Home, Samsung SmartThings, IFTTT and soon Apple HomeKit, HomeAssistant and HomeBridge. “This essentially is the missing piece to move IoT stakeholders and users into the next level of smart living as the future is multi-protocol and it’s all about interoperability,” said John E. Osborne II, COO, LEXI. “Manufacturers, telcos and retailers need a flexible, future-proof IoT platform to wrap their brand around, while their customers need the ‘it just works’ factor to finally kick in and spur the adoption and expansion of smart-everything.” Already being rolled out to international telcos, the LEXI IoT Platform is comprised of three core components: LEXI Mobile Apps: Customizable, white-label iOS and Android mobile apps to add, control and manage devices. Works both with and without the LEXI Universal IoT Gateway. Universal IoT Gateway: Includes support for ALL 5 major wireless protocols plus a powerful NXP processor to run AI models at the edge. LEXI Cloud: U.S.-based cloud includes an admin portal, customer service portal, Roles-Based Access Control (RBAC), remove device control, a Big Data backend, and rich reporting & analytics dashboards. Additional differentiators include: Only IoT cloud platform built independently; delivers up to 90% cost savings over AWS IoT Core (utilized by competitive offerings) 40% faster in performance (compared to major cloud services) Forward compatibility with new wireless standards including Matter White-Label Options: App, cloud, software, smart devices, Tier 1 customer service, reporting & analytics, warehousing Platform-as-a-Service: Reduced operating costs, effective scalability, provides platform maintenance and flexibility, ready for the future Multi-layered network security with the power to run AI models at the edge Four U.S. patents in the applications of Machine Learning (ML), Computer Vision, and Artificial Reality to IoT Flexible suite of recurring revenue services can be resold as monthly subscriptions The LEXI IoT Platform is interoperable with third-party devices as well as a wide variety of LEXI white-labeled Smart Devices for Smart Homes, Buildings, and Industries. Products fall under the categories of lighting and controls, sensors, security cameras, air quality monitors, water management, asset trackers and more. “Companies can buy devices from overseas manufacturers, but they don’t have the resources to develop all the necessary software to competitively deploy, manage, report and support the IoT universe they’re offering to customers,” said Scott Cahill CEO, LEXI. “Our white-label, edge-to-cloud LEXI IoT Platform, which we have spent six years developing, brings relief to today’s often frustrating digital existence by providing not just smart, but intelligent connections to generate new revenue streams, attract new subscribers, and increase customer loyalty through a rewarding connected experience.” The post LEXI Introduces World’s First Universal IoT Platform appeared first on IoT Business News. !@#$%^&*() *z$%xiP%j(#lpqc^ )$wocx%^*ybp*j^u Goodrx Holdings Inc (NASDAQ: GDRX) ended nearly 20% up on Thursday after a Citi analyst issued a bullish note on the California-based telemedicine company. Goodrx stock has upside to $7.0 a share Daniel Grosslight assumed coverage of the healthcare stock this morning with a “buy” rating and a $7.0 price target that represents a 60% upside on its previous close. He’s constructive on Goodrx as it benefits from inefficient drug distribution. The note reads: It feeds off the exhaust of a complex and opaque drug distribution channel which, in our view, disadvantages patients. That said, we don’t see the irrationality/complexity/opacity of drug distribution abating anytime soon. The analyst is applying a multiple of 15 times on the estimated adjusted EBITDA for fiscal 2023. Versus the start of 2022, Goodrx is currently down more than 80%. Goodrx can overcome its near-term headwinds Grosslight agrees that rising competition and renegotiation with Kroger remain a headwind for Goodrx stock but is convinced that these are not existential headwinds and can only moderate EBITDA margin and revenue growth in the near term. Last month, the pharmacy discount cards company reported its financial results for the third quarter that handily topped Street expectations. The analyst wrote: In our view, GDRX will continue to serve a vital role in bringing transparency/consumerism to a historically unshopable market. Goodrx, though, guided for its fourth-quarter revenue to fall between $175 million and $180 million. In comparison, analysts were at $204 million. Also in November, Wheel acquired Goodrx Care’s backend virtual care technology. The post This telemedicine stock could shoot up 60%: Citi appeared first on Invezz.   From time to time, we send special emails or offers from 3rd party websites to readers who chose to opt-in. We hope you find them useful. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. 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