Vetr Turns From Bull To Bear After Groupon Finds Upside
The Vetr crowd on Thursday downgraded its rating on Groupon, Inc. (NASDAQ: GRPN) from 5 stars (Strong Buy), issued 29 days ago, to 1 star (Strong Sell). Crowd sentiment at the time of the downgrade was mostly bearish, with 87 percent of Vetr user ratings bearish.
Vetr's downgrade comes a few days after Groupon jumped 13 percent. The company reported a better-than-expected Q3 earnings. While the company did fall short on revenue compared to analyst predictions, Groupon did raise its outlook on FY17.
Groupon finished Thursday's trading day up at $5.27.
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Currently, the Vetr crowd's average price target on Groupon is down at $3.68, which is below the average analyst price target of $4.92. Less than 2 percent of Vetr users are holding GRPN in their watch-lists.
Latest Ratings for GRPN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2019 | Goldman Sachs | Initiates Coverage On | Neutral | |
| Sep 2018 | Wedbush | Initiates Coverage On | Neutral | |
| Jul 2018 | Morgan Stanley | Maintains | Equal-Weight | Equal-Weight |
View More Analyst Ratings for GRPN
View the Latest Analyst Ratings
Posted-In: VetrDowngrades Price Target Crowdsourcing Analyst Ratings General
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