Market Overview

UPDATE: Evercore Downgrades Groupon


On Friday, analysts at Evercore downgraded shares of Groupon Inc (NASDAQ: GRPN) to Sell from Equal-weight and maintained the $5.50 price target.

Ken Sena of Evercore is skeptical of Groupon’s ability to achieve its 2014 adjusted EBITDA forecast of $270 million.

In addition, he sees little upside in Groupon shares until the company sees material inflection in positioning with consumers and merchants.

Overall, analysts have six Buy ratings, 14 Hold ratings and three Sell ratings on shares of Groupon with an average price target of $7.35.

Shares of Groupon recently traded at $6.18, down 3 percent in the premarket.

Latest Ratings for GRPN

Feb 2019Initiates Coverage OnNeutral
Sep 2018Initiates Coverage OnNeutral
Jul 2018MaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

Posted-In: Evercore Ken SenaDowngrades Price Target Analyst Ratings


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Latest Ratings

CHNGInitiates Coverage On19.0
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