Market Overview

UPDATE: RBC Capital Upgrades Groupon

Related GRPN
Groupon Surges Amid News That Goldman Sachs May Take A Stake In Ticket Monster
Groupon Is Worth 50% More, According To Leon Cooperman
Yodle Faces Hurdles in Bid to Conquer Local Ad Market (Fox Business)

RBC Capital upgraded Groupon (NASDAQ: GRPN) from Underperform to Sector Perform, raising the price target from 45 to $6.

Analyst Mark Mahaney thinks the valuation following the recent correction makes Groupon more reasonably valued. Mahaney also points to the progress Groupon has made in the mobile space.

Shares of Groupon traded recently at $7.00, up 2.9 percent.

Latest Ratings for GRPN

DateFirmActionFromTo
Dec 2014Bank of AmericaUpgradesNeutralBuy
Nov 2014Brean CapitalMaintainsBuy
Nov 2014UBSMaintainsNeutral

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Mark Mahaney RBC CapitalAnalyst Color Upgrades Price Target Analyst Ratings Movers

 

Related Articles (GRPN)

Around the Web, We're Loving...

Get Benzinga's Newsletters