Groupon (NASDAQ: GRPN)‘s stock had its “buy” rating reaffirmed by Benchmark Co. in a research note issued on Tuesday. They currently have a $20.00 price target on the stock.
The analysts wrote, “We visited Groupon’s Chicago sales office and met with investor relations last week. We have three takeaways: 1) The IPO lock-up, which has been a major overhang on the stock, expired last Friday; 2) recent enhancements to marketing efficiency should be sustained; and 3) the market opportunity remains enormous as Groupon is leading the online charge into local commerce. We maintain a $20 per share target and Buy rating.”
A number of other firms have also recently commented on GRPN. Analysts at Barrington Research reiterated an “outperform” rating on shares of Groupon in a research note to investors on Tuesday, May 15th. Separately, analysts at Deutsche Bank (NYSE: DB) reiterated a “hold” rating on shares of Groupon in a research note to investors on Tuesday, May 15th. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Groupon in a research note to investors on Tuesday, May 15th.
Shares of Groupon opened at 8.95 on Tuesday. Groupon has a one year low of $8.80 and a one year high of $31.14. The company’s market cap is $5.780 billion.
Groupon last issued its quarterly earnings data on Monday, May 14th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. Groupon’s revenue was up 89.6% compared to the same quarter last year. On average, analysts predict that Groupon will post $0.05 earnings per share next quarter.
Groupon, Inc. (Groupon) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
