Market Overview

UPDATE: Citi Upgrades Groupon; Lowers PT

Share:
Related GRPN
QVC And Zulily Join Up: What's Next?
What Does O2O Mean For The Future Of E-Commerce?
Sell SunEdison Into Strength - Cramer's Lightning Round (8/28/15) (Seeking Alpha)

According to a research report published this morning, Citi has upgraded Groupon (NASDAQ: GRPN) from Neutral to Buy, and lowered PT from $24 to $22.

In the report, Citi commented, "Revenue of $559MM beat our/Street ests of $537MM/$531MM. CSOI (Consolidated Segment Operating Income) of $68MM beat our $65MM est. due to significant Marketing leverage, while Non-GAAP EPS of $0.02 was above our $0.01 estimate. Q2 Midpoint Revenue Guide of $570MM was above our $560MM estimate, but Midpoint CSOI of $70MM was in-line with our estimate."

Groupon closed yesterday at $11.74.

Latest Ratings for GRPN

DateFirmActionFromTo
Aug 2015MacquarieMaintainsOutperform
Aug 2015Brean CapitalMaintainsBuy
Aug 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: CitiAnalyst Color Upgrades Price Target Analyst Ratings

 

Related Articles (GRPN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters