UPDATE: Sterne Agee Upgrades Groupon; Establishes PT

by Benzinga Staff
May 15, 2012 8:21 AM | 27 seconds read | Make a Comment

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According to a research report published this morning, Sterne Agee has upgraded Groupon (NASDAQ: GRPN) from Neutral to Buy, and established a $20 PT.Sterne Agee said in the report, "Strong 1Q alleviated several concerns including GRPN's ability to generate meaningful operating leverage. Strong sequential growth in North America (+33%) suggests it is gaining significant market share. While the float issue (lockup expiration is June 1) is still an overhang, we believe the stock is attractive given it is trading well below its IPO price of $20."Groupon closed yesterday at $11.74.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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Posted In: Analyst ColorUpgradesPrice TargetAnalyst RatingsSterne Agee

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