Goldman Sachs Adjusts Estimates and PT on Groupon, Inc. (GRPN); Q1 Exceeds, Guidance Mixed
Tweet Send to a FriendGet Alerts GRPN Hot Sheet
Price: $7.21 +1.12%
Rating Summary:
4 Buy, 18 Hold, 7 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 18 Hold, 7 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade GRPN Now!
Goldman Sachs maintains a 'Buy' on Groupon, Inc. (NASDAQ: GRPN) price target lowered from $25 to $22.
Analyst, Heath P. Terry, said, "Groupon reported 1Q results well ahead of expectations, while 2Q guidance was mixed vs. our estimates but above consensus. We continue to believe that the market is significantly underestimating GRPN’s earnings potential given its large addressable market, traction with key technology developments like personalization (SmartDeals), ROI measurement (Merchant App, Rewards), and mobile (Groupon Now!), and dominant market share. While we expect Groupon’s early stage of development relative to its size will likely continue to cause volatility in both share price and quarterly results, we believe investors’ risk/reward remains favorable."
"Our revenue/non-GAAP EPS estimates for 2012 go to $2.51 bn/ $0.18 from $2.48 bn/$0.27. 2013 estimates go to $3.6 bn/$0.72 from $3.0 bn /$0.85."
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 $11.74 yesterday, with a 52 week range of $9.63-$31.14.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Heath P. Terry, said, "Groupon reported 1Q results well ahead of expectations, while 2Q guidance was mixed vs. our estimates but above consensus. We continue to believe that the market is significantly underestimating GRPN’s earnings potential given its large addressable market, traction with key technology developments like personalization (SmartDeals), ROI measurement (Merchant App, Rewards), and mobile (Groupon Now!), and dominant market share. While we expect Groupon’s early stage of development relative to its size will likely continue to cause volatility in both share price and quarterly results, we believe investors’ risk/reward remains favorable."
"Our revenue/non-GAAP EPS estimates for 2012 go to $2.51 bn/ $0.18 from $2.48 bn/$0.27. 2013 estimates go to $3.6 bn/$0.72 from $3.0 bn /$0.85."
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 $11.74 yesterday, with a 52 week range of $9.63-$31.14.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Pandora (P) Posts 'Strong Quarter' - Needham & Company
- UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
