Market Overview

UPDATE: JP Morgan Reduces PT to $8 on Groupon; Mix Shifting to Goods

Share:
Related GRPN
7 Biggest Price Target Changes For Thursday
Benzinga's Top Upgrades, Downgrades For February 16, 2017
Groupon turnaround deserves more credit - Piper (Seeking Alpha)

JP Morgan reiterated its Neutral rating on Groupon (NASDAQ: GRPN) and lowered its price target from $22 to $8.

JP Morgan commented, "Groupon Goods Direct revenue accounted for over half of the $65M in Direct revenue in 2Q, compared to less than half of the $19M of Direct revenue in 1Q. Excluding the Direct revenue impact (assuming all revenue was booked as net), worldwide revenue would have grown over 30% Y/Y vs. the reported 45%."

Groupon closed at $7.55 on Monday.

Latest Ratings for GRPN

DateFirmActionFromTo
Feb 2017WedbushDowngradesOutperformNeutral
Jan 2017RBC CapitalUpgradesUnderperformSector Perform
Oct 2016WedbushUpgradesNeutralOutperform

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (GRPN)

View Comments and Join the Discussion!