Vetr Top Raters Upgrade Groupon, Rate As 3.5 Star Stock
Shares of Groupon Inc (NASDAQ: GRPN) have lost nearly 10 percent since the start of 2016 and have fallen around 60 percent over the past year.
Despite Groupon's underperformance, the Vetr crowd turned incrementally bullish on the company's prospect and upgraded the stock's rating to 3.5-stars out of a possible 5-stars. In fact, shares of Groupon have risen to $2.69 since the prior rating of 3.0-stars was issued just 2 days ago.
Related link: Here's how crowdsourced ratings can beat the market.
Despite the fact that 75 percent of the crowd's ratings are bullish, the crowd sourced price target of $2.82 implies a potential upside of just 2 percent from its current level.
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