Groupon (GRPN) : 12 analysts are covering Groupon (GRPN) and their average rating on the stock is 3, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Groupon (GRPN) : 12 investment research analysts covering Groupon (GRPN) have an average price target of $4.35 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $2 for the short term. Analysts expect the variance to be within $1.12 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Credit Suisse maintains its ratings on Groupon (NASDAQ:GRPN). In the latest research report, Credit Suisse maintains the target price to $5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 28, 2016.
Groupon (NASDAQ:GRPN): stock was range-bound between the intraday low of $5.37 and the intraday high of $5.55 after having opened at $5.55 on Wednesdays session. The stock finally closed in the red at $5.55, a loss of -2.54%. The stock remained in the red for the whole trading day. The total traded volume was 4,908,670 shares. The stock failed to cross $5.55 in Wednesdays trading. The stocks closing price on Thursday was $5.52.
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.