Credit Suisse increased its price target on Groupon Inc. (NASDAQ: GRPN) from $6.29 to $6.50 Friday and maintained a Neutral rating.
Analysts led by Stephen Ju made the change in response to Groupon’s Thursday 3Q earnings report which saw revenue come in at $757 million, inline with the consensus.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
“Consolidated segment operating income (CSOI) [was] $28.8 million vs. $39.2 million in 3Q13, was above our $22 million projection,” according to Ju.
“Groupon's active customers decreased to 52.7 million, mainly affected by the decrease in Rest of World. North America segment continued to see healthy growth, and added about 900k active customers.”
Ju noted that “our FY14 CSOI estimate decreases as we flow through the company's guidance and expectation for continued marketing and investment to drive marketplaces awareness. However, given signs of stability in the local business we increase are longer-term gross profit CAGR by 100bps and EBITDA forecasts by 200bps.”
Groupon Inc. traded ay $6.40 in the premarket, up 6.84 percent.