Americas Small Cap Research Summary

This report provides research summaries for Americas small-cap companies, including updates on GoodRx Holdings, MBX Biosciences, and a new initiation for WhiteFiber, Inc.

Key Takeaways

• 1.GoodRx Holdings rating remains Underweight due to limited visibility into the stabilization of its Prescription and Subscription businesses.
• 2.MBX Biosciences is viewed as having significant upside potential in obesity treatments with attention on upcoming 4Q data.
• 3.WhiteFiber, Inc. initiated at Equal Weight as an emerging AI infrastructure player with cloud and colocation services.

Table of Contents

• Americas Small Cap Research Summary
• GoodRx Holdings Inc.: Model Update: Business Model Continues To Transition but Limited Visibility
• MBX Biosciences: ENDO 2026 Preview: What are we looking for?
• WhiteFiber, Inc.: Interesting AI Infrastructure Play; Initiate at Equal Weight