Deutsche Bank Lifts PT on Groupon (GRPN); Incrementally More Positive

February 5, 2013 9:19 AM EST
Get Alerts GRPN Hot Sheet
Price: $3.51 --0%

Rating Summary:
    11 Buy, 20 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 31 | New: 34
Trade GRPN Now!
Join SI Premium – FREE
Deutsche Bank raised its price target on Groupon, Inc. (NASDAQ: GRPN) from $4 to $6 saying they have become incrementally more positive. The firm, however, is maintaining a Hold rating.

The firm comments, "We have turned incrementally positive on GRPN following our time with management in November. We continued to want to accumulate shares and view GRPN as a name that could see a shift from "value trap" mode to "things are incrementally getting better" mode, where most of the alpha is typically generated. This shift appears to have started since November, but we believe GRPN shares may have one more hurdle to get over in the seasonal downtick in 1Q13. We are not overly concerned about 4Q12 results, as the company has highlighted that billings are likely to be up sequentially in both NA and Europe, stemming the recent declines. Europe remains a challenged region, but should start to show signs of stabilization by mid-2013. In summary, our recent "warming up to GRPN shares" thesis remains unchanged. We are increasing our price target to $6."

For an analyst ratings summary and ratings history on Groupon, Inc. click here. For more ratings news on Groupon, Inc. click here.

Shares of Groupon, Inc. closed at $5.23 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Deutsche Bank

Add Your Comment