Thursday, August 18, 2016 10:23:19 AM
August 18, 2016 8:01 AM EDT
Piper Jaffray reiterated an Overweight rating and $6.50 price target on Groupon, Inc. (NASDAQ: GRPN) after traveling with management. A key takeaway from the travels with management is the significance of the internal focus change for Groupon. Investors are concerned with Groupon's ability to sustainably attract customers without raising costs.
Analyst Samuel Kemp commented, "We recently traveled with Groupon’s management team and came away increasingly bullish on the company’s efforts in narrowing its focus on geographies/products/services in which it can succeed, which we believe will drive 2018 EBITDA 10%+ above the Street. The company's core marketing tactics are acquiring solid customers at a stable cost per acquisition, while restructuring efforts have reduced profitability and focus headwinds. Signs of an improving customer experience are beginning to show. While shares of GRPN are up nearly 50% since reporting Q2, we would continue to own GRPN as customer acquisition and cost controls should drive EBITDA estimates higher. We are remaining OW on shares of GRPN, with a $6.50 price target (12x 2018E EV/EBITDA)."
For an analyst ratings summary and ratings history on Groupon, Inc. click here. For more ratings news on Groupon, Inc. click here.
Shares of Groupon, Inc. closed at $5.59 yesterday.
Recent GRPN News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:38:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2024 09:37:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/05/2024 08:19:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 08:19:55 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/30/2024 08:18:13 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 07/29/2024 12:56:01 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 07/10/2024 05:54:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:38:40 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 06/14/2024 09:00:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 08:26:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 08:24:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 08:22:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 08:21:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 09:18:24 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/23/2024 08:32:27 PM
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