Market Overview

Goldman Sachs Reiterates Buy Rating on Groupon on Favorable Risk/Reward

Related GRPN
Re/code's Kara Swisher Discusses Apple's iPhone 6, Google, The NSA And More
Notable Hedge Funds Disclose Additions And Reductions To Holdings
Yodle Faces Hurdles in Bid to Conquer Local Ad Market (Fox Business)

In a report published Friday, Goldman Sachs analyst Heath P. Terry reiterated a Buy rating and $13.00 price target on Groupon (NASDAQ: GRPN).

In the report, Goldman Sachs noted, “We believe the opportunity for Groupon in local is significant and that the company's critical mass of users and merchants give it a meaningful advantage in addressing that opportunity. With the US business providing the roadmap for international recovery, expectations conservative, and valuation reasonable, we believe the risk/reward in owning GRPN remains favorable.”

Groupon closed on Thursday at $9.78.

Posted-In: Goldman Sachs Heath P. TerryAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GRPN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters