Stock Ticker

  • Loading stock data...

Groupon Inc (NASDAQ:GRPN) Receives $9.5 Per Share

Groupon Inc

Boston, MA 07/08/2014 (wallstreetpr) – Shares of daily deals provider, Groupon Inc (NASDAQ:GRPN), are expected to touch 9.50 per share within the next 12 months, according to analysts at B. Riley. The analysts also upgraded the stock to a Buy, citing operational improvements and various encouraging developments in the company. They expect the developments to support massive organic growth and margin expansion.

The analysts said the company is entering a period of easier yearly performance comparison. They previously had a price target of $6 on the stock of Groupon (GRPN).

The latest development reflects a change of heart at B. Riley because they recently chopped their price target on the stock from $8 per share to $6 on a note issued in May.

Changing Wall Street views

Groupon Inc (NASDAQ:GRPN) appears to be winning confidence of experts in Wall Street given that a number of analysts have recently raised their expectations in the company. For example, analysts at Deutsche Bank rates, the stock of Groupon a Buy and they have a price target of $8 on the stock.

At Goldman Sachs Group Inc (NYSE:GS), Groupon carries a price target of $8 per share.

The stock has an average price target of $9.50.

Beating results

Groupon Inc (NASDAQ:GRPN) exceeded expectation in its 1Q2014 financial reporting. The company suffered a loss of $0.01 per share at a time when Wall Street expected a loss of $0.03 per share.  Revenue also exceeded the consensus estimate to become at $757.60 million, ahead of the estimated $738.40 million. Revenue was up 26 percent in the most recent quarter compared to the same period a year earlier.

Revenue growth

The noted revenue growth in the company is a result of aggressive operational improvement that has seen the company increase its offerings while attracting more users through personalized platforms that can be accessed on mobile.

Groupon Inc (NASDAQ:GRPN) continues to expand its geographical coverage amid encouraging response in the international markets.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

Recent Stories

SignUp Now For Our Featured Newsletter