Groupon (GRPN) : The highest level Groupon (GRPN) is projected to reach is $7 for the short term and the lowest estimate is at $2. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $4.35 and the possibility the share price can swing is $1.12.
Groupon (GRPN) has an average broker rating of 3, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, In a research note released to the investors, Credit Suisse maintains its rating on Groupon (NASDAQ:GRPN).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Credit Suisse maintains the price target of $5 per share. The rating by the firm was issued on July 28, 2016.
Groupon (NASDAQ:GRPN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.36 and $5.34 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 $5.39, notching a gain of 1.13% for the day. The total traded volume was 5,622,012 . The stock had closed at $5.33 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.