Groupon (GRPN) : 3 brokerage houses believe that Groupon (GRPN) is a Strong Buy at current levels. 6 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 Hold with a rank of 3. 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 12 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 $4.56. The maximum price target given is $7 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.18.
Also, Brokerage firm Credit Suisse maintains its rating on Groupon (NASDAQ:GRPN). In a research note issued to the investors, the brokerage major maintains price-target of $5 per share.The shares have been rated Neutral. The rating by the firm was issued on July 28, 2016.
Groupon (NASDAQ:GRPN): After opening at $5.03, the stock dipped to an intraday low of $5 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.24 and the buying power remained strong till the end. The stock closed at $5.19 for the day, a gain of 2.98% for the day session. The total traded volume was 5,574,913. The stocks close on the previous trading day was $5.04.
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.