A statement released earlier today by Macquarie Research about Groupon Inc (NASDAQ:GRPN) ups the target price to $6.00
- Updated: October 4, 2016
Having a price of $5.28, Groupon Inc (NASDAQ:GRPN) traded 0.96% higher on the day. With the last close up 23.58% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GRPN has recorded a 50-day average of $5.35 and a two hundred day average of $4.27. Trade Volume was down over the average, with 1,006,653 shares of GRPN changing hands under the typical 8,664,860
Reporting a potential upside of 0.14%, Macquarie Research upped the price target of Groupon Inc (NASDAQ:GRPN) to $6.00
Recent Performance Chart
Groupon Inc has with a one year low of $2.15 and a one year high of $5.94 and has a market capitalization of $0.
A total of 14 analysts have released a report on Groupon Inc. zero analysts rating the company a strong buy, three analysts rating the company a buy, twelve analysts rating the company a hold, three analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $4.00.
General Company Details For Groupon Inc (NASDAQ:GRPN)
Groupon, Inc. operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World). It offers deals on goods and services in approximately three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). Collectively, Local and Travel consists of its services offerings and Goods, which the Company refers as Shopping, which reflect its product offerings. In its Goods category, the Company acts as the merchant of record, particularly for deals in North America and in EMEA. It offers deals on products for which it acts as the merchant of record. It acts as a marketing agent by selling vouchers (Groupons) that can be redeemed for products or services with third party merchants.
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