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 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 01:26:28 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:31:17 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 08:25:29 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 06:25:33 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:31:26 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 02:39:12 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:57:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 10:39:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 01:29:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:44:35 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/23/2024 09:40:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 01:30:24 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/17/2024 09:31:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 01:41:33 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 12/18/2023 10:28:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/21/2023 09:41:48 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 11/21/2023 09:29:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/20/2023 11:27:56 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/13/2023 09:41:51 PM
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