Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

OptimizeRx downgraded to “sector perform” by RBC amid slower growth outlook

admin by admin
January 8, 2025
in Stock
0
OptimizeRx downgraded to “sector perform” by RBC amid slower growth outlook
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Investing.com — RBC Capital Markets has downgraded OptimizeRx Corp (NASDAQ:OPRX) to “sector perform,” reflecting a tempered outlook on the company’s growth prospects. 

RBC analysts cited challenges in the company’s direct-to-consumer segment, particularly as clients transition to a self-service model that generates lower revenue but offers higher margins. 

This shift, coupled with weaker bookings attributed to the timing of the Medicx acquisition in late 2023, is expected to dampen revenue growth through the first half of 2025.

OptimizeRx’s updated revenue projections for 2025 have been revised downward to $94 million, reflecting a modest 2.7% growth compared to an earlier forecast of 11%. 

This adjustment aligns with RBC’s recalibrated EBITDA estimate, now at $10.4 million for 2025, reflecting subdued growth expectations. Consequently, RBC has also lowered its price target for the stock to $6 from $7.

The company’s challenges in the DTC business are partly offset by growth in its healthcare provider-focused offerings. 

OptimizeRx has seen progress in this segment, signing 22 Digital Advertising and Activation Platform deals in 2024, up from 24 deals in all of 2023. 

However, this growth has not been sufficient to overcome the revenue shortfalls in the DTC segment.

As long as the legacy provider business does not show a more strong growth trajectory, RBC analysts expect the stock to remain range-bound. 

In addition, investors are concerned about the recent leadership changes, including the resignation of CEO Will Febbo.

Shares of the digital health technology company were down 2.8% in pre-open trade at 08:27 ET (13:27 GMT).

This post appeared first on investing.com

Previous Post

Futures higher, Exxon Mobil flags hit to Q4 earnings – what’s moving markets

Next Post

Futures pare losses after soft private payrolls data

admin

admin

Next Post
Futures pare losses after soft private payrolls data

Futures pare losses after soft private payrolls data

Trending News

Dow Jones open flat: Wall Street on edge as US Fed, geopolitics loom

Dow Jones open flat: Wall Street on edge as US Fed, geopolitics loom

June 18, 2025
Explainer-What happens after the TikTok ban?

Explainer-What happens after the TikTok ban?

January 11, 2025
Apple pauses AI news summaries due to accuracy concerns

Apple pauses AI news summaries due to accuracy concerns

January 17, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.