A statement released earlier today by Wedbush about Groupon (NASDAQ:GRPN) bumps the target price to $6.50
- Updated: October 16, 2016
Having a price of $5.01, Groupon (NASDAQ:GRPN) traded 2.24% higher on the day. With the last close up 15.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Groupon has recorded a 50-day average of $5.23 and a two hundred day average of $4.34. Volume of trade was down over the average, with 4,213,082 shares of GRPN changing hands under the typical 8,586,340
Stating a potential upside of 0.30%, Wedbush upped the price target of Groupon (NASDAQ:GRPN) to $6.50
On 10/04/2016, Macquarie Research released a statement on Groupon (NASDAQ:GRPN) upped the target price from $5.30 to $6.00 that suggested an upside of 0.14%.
With a total market value of $0, Groupon has with a one year low of $2.15 and a one year high of $5.94 .
A total of 14 analysts have released a research note on Groupon. 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 brokerages rating the company a sell with a 12-month price target of $4.00.
General Company Details For Groupon (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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