Groupon Shares Continue To Recover; Sterne Agee Comments Aid The Rebound
Shares of Groupon (NASDAQ: GRPN) are continuing to recover Friday (up ~8 percent) after plummeting ~20 percent on Wednesday following the release of its Q1 2014 earnings results.
One of the few bulls and Sterne Agee analyst Arvind Bhatia is feeling "incrementally more convinced in the potential for a back-half 2014 recovery at Groupon" after having had the chance to meet with Groupon CEO Eric Lefkofsky.
Currently, Bhatia has Groupon rated as Buy with a $12 price target.
Bhatia believes that if management is able to deliver on the three metrics (1)double digit Local growth in North America, 2) 10 precent gross margins on Goods segment, 3) Enabling rest-of-world to break even) by the fourth quarter of this year, then it is "plausible" that the company will achieve its $300 million EBITDA goal.
Latest Ratings for GRPN
|Jan 2017||RBC Capital||Upgrades||Underperform||Sector Perform|
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