Market Overview

UPDATE: Jefferies Reiterates $4 PT, Hold Rating on Groupon Following Disappointing Quarter

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)

Jefferies maintained Groupon (NASDAQ: GRPN) with a Hold rating and a $4.00 price target.

Jefferies noted, "Groupon reported another miss quarter with strong gross billings growth but somewhat disappointing revenue growth and surprisingly low margins. Revenue growth of 30% Y/Y was driven by 109% Y/Y growth in NA, offsetting a decline of 16% Y/Y (-14% ex-FX) internationally. In addition, 1Q13 guidance came materially short of expectations. We reiterate our Hold rating and $4 PT."

Groupon closed at $5.98 on Wednesday.

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: JefferiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GRPN)

View Comments and Join the Discussion!