Groupon (GRPN) : 15 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 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Groupon (GRPN) : The consensus price target for Groupon (GRPN) is $3.68 for the short term with a standard deviation of $0.84. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $5, however, the pessimist price target for the company is $2.
Groupon (NASDAQ:GRPN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.22 and $3.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.32, notching a gain of 2.15% for the day. The total traded volume was 8,801,509 . The stock had closed at $3.25 on the previous day.
Also, Maxim Group initiates coverage on Groupon (NASDAQ:GRPN) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $5 per share. The rating by the firm was issued on June 23, 2016. The company shares have dropped -32.43% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $5.32 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.35 and the 200 Day Moving Average price is recorded at $3.55.
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.