Groupon (GRPN) : 3 brokerage houses believe that Groupon (GRPN) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Groupon (GRPN). Zacks Investment Research suggests a Buy with a rank of 2. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Groupon (GRPN) : 12 Wall Street analysts covering Groupon (GRPN) believe that the average level the stock could reach for the short term is $4.27. The maximum price target given is $6 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.
Company shares have received an average consensus rating of Hold for the current week Also, Credit Suisse maintains its view on Groupon (NASDAQ:GRPN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Credit Suisse maintains the current price target of $5 per share on Groupon . The rating by the firm was issued on July 28, 2016.
Groupon (NASDAQ:GRPN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.08 and $5.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.33, notching a gain of 4.51% for the day. The total traded volume was 22,138,374 . The stock had closed at $5.10 on the previous day.
Groupon, Inc. operates online local commerce marketplaces world over that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). The Companys Local category includes deals with local merchants, national merchants and local events. The Companys Goods transactions in North America are primarily direct revenue deals. Through its Getaways category, the Company features travel offers at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites, mobile applications and search engines.