Deutsche Bank Makes Positive Comments on Groupon, Inc. (GRPN)

February 27, 2014 9:47 AM EST
Get Alerts GRPN Hot Sheet
Price: $3.45 -1.71%

Rating Summary:
    11 Buy, 20 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank reiterated a Buy rating on Groupon, Inc. (NASDAQ: GRPN) with a price target of $12.00. Analyst Ross Sandler noted the turn-around was "bumpy" but he doesn't think the wheels have come off, and he sees Q1 re-accelerating.

"We recently spent time with GRPN management and came away feeling a lot better about interpretation of the mixed 4Q, and overall trends heading into 2014. GRPN is facing headwinds in NA as it shifts its inventory from urgent-expiration to perpetual-marketplace deals. This transition should continue for a couple more quarters (started to impact in 3Q13), but we get the sense that 1Q is re-accelerating, despite some of the noise coming from 3P data tracking. Importantly, the bear case that everything is falling apart is not valid looking objectively at strong EMEA performance in 4Q," said Sandler.

"GRPN remains a volatile name, we would take advantage of the recent weakness by adding to/initiating positions," he said.

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 $8.26 yesterday.

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