Goldman Sachs Reaffirms Buy Rating on Groupon (GRPN)

By admin | 6 years ago

Groupon (NASDAQ: GRPN)‘s stock had its “buy” rating reiterated by equities research analysts at Goldman Sachs (NYSE: GS) in a research note issued to investors on Tuesday.

A number of other analysts have also recently weighed in on GRPN. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Groupon to $15.00 in a research note to investors on Tuesday. Separately, analysts at Bank of America (NYSE: BAC) cut their price target on shares of Groupon from $20.00 to $17.00 in a research note to investors on Tuesday. Finally, analysts at Benchmark Co. cut their price target on shares of Groupon from $28.00 to $20.00 in a research note to investors on Tuesday.

Shares of Groupon opened at 12.17 on Tuesday. Groupon has a one year low of $9.63 and a one year high of $31.14. The company’s market cap is $7.848 billion.

Groupon last issued its quarterly earnings data on Monday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company’s revenue for the quarter was up 89.6% on a year-over-year basis. On average, analysts predict that Groupon will post $0.06 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.

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