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