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A report released today by Gabelli about Groupon (NASDAQ:GRPN) raises the target price to $7.00

Gabelli raised the target price of Groupon (NASDAQ:GRPN) to $7.00 stating a potential upside of 0.49%.

Previously on 8/3/2017, Barclays reported on Groupon (NASDAQ:GRPN) increased the target price from $3.40 to $3.85. At the time, this indicated a possible downside of -0.09%.

Boasting a price of $4.70, Groupon (NASDAQ:GRPN) traded 1.51% higher on the day. With the last stock price up 20.90% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same time period. GRPN has recorded a 50-day moving average of $4.63 and a 200-day moving average of $3.89. 9,289,746 shares of the stock were exchanged, up from an average trading volume of 6,755,740

Recent Performance Chart

Groupon (NASDAQ:GRPN)

Groupon has 52 week low of $2.90 and a 52 week high of $5.38 and has a market capitalization of $0.

Also covering Groupon's price target, a total of 14 equity analysts have released a ratings update on GRPN. The one year target is $4.00 with zero brokerages rating the company a strong buy, 3 firms rating the stock a buy, 12 firms rating the stock a hold, 3 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell.

Brief Synopsis About Groupon (NASDAQ:GRPN)

Groupon, Inc. operates online local commerce marketplaces around the world 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, and the Middle East and Africa, and the remainder of its international operations (Rest of World). It offers goods and services in three primary categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). Its Local category includes offerings from local and national merchants, as well as local events. Its Goods category offers customers the ability to find deals on merchandise across various product lines, including electronics, sporting goods, jewelry, toys, household items and apparel. Through its Travel category, it features travel offers at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel.

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