Groupon Inc. (GRPN)

[FUNMAN]

Groupon (GRPN) Given New $6.30 Price Target at B. Riley

Posted by ABMN Staff on
Apr 6th, 2018



Groupon (NASDAQ:GRPN) had its target price hoisted by equities research analysts at B. Riley from $5.50 to $6.30 in a report issued on Wednesday, October 18th. The firm presently has a “buy” rating on the coupon company’s stock. B. Riley’s price objective would suggest a potential upside of 44.16% from the company’s current price.

GRPN has been the subject of several other research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $4.00 price target on shares of Groupon in a research report on Friday, June 30th. Gabelli assumed coverage on Groupon in a research report on Tuesday, October 17th. They issued a “buy” rating and a $7.00 price target for the company. BidaskClub lowered Groupon from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Barclays reiterated an “underweight” rating and issued a $3.85 price target (up previously from $3.40) on shares of Groupon in a research report on Wednesday, August 9th. Finally, Cowen reiterated a “sell” rating and issued a $3.50 price target on shares of Groupon in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.06.