Barclays on Groupon, Inc. (GRPN): Early Stages of What Could Prove To Be Significant, L-T Opportunity
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Price: $7.73 --0%
Rating Summary:
5 Buy, 17 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 19
Rating Summary:
5 Buy, 17 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 19
Trade GRPN Now!
Barclays maintains an 'Overweight' on Groupon, Inc. (NASDAQ: GRPN) price target of $27.00.
Analyst, Mark May, said, "Groupon reported 1Q12 results (its second as a public company) and provided 2Q12 guidance, and both were (again) better than expected. Given solid results, positive traction in key areas, the increase in our forecasts, and a depressed valuation coupled with still negative investor sentiment, we maintain our rating."
Barclays raises FY12 EPS estimate from $0.16 to $0.19 and FY13 from $0.88 to $0.91.
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.
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Analyst, Mark May, said, "Groupon reported 1Q12 results (its second as a public company) and provided 2Q12 guidance, and both were (again) better than expected. Given solid results, positive traction in key areas, the increase in our forecasts, and a depressed valuation coupled with still negative investor sentiment, we maintain our rating."
Barclays raises FY12 EPS estimate from $0.16 to $0.19 and FY13 from $0.88 to $0.91.
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.
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