Groupon (GRPN) Might Beat Q1 Revenue

April 11, 2013 12:50 PM EDT
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Price: $2.90 +0.35%

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    8 Buy, 22 Hold, 5 Sell

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Piper Jaffray today maintained an Overwieght rating on Groupon, Inc. (NASDAQ: GRPN) with a price target of $7.00. Analyst Gene Munster said Groupon could post a take rate of 33 percent in Q1, which would imply revenue of $607 million. Consensus calls for Q1 revenue of $590.18.

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 $6.11 yesterday.

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