Deutsche Bank Says Q4 Groupon (GRPN) Trends May Be Softer
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Price: $21.51 -2.14%
Rating Summary:
14 Buy, 16 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 16 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank issued some cautious comments on Groupon, Inc. (NASDAQ: GRPN) Monday following an investor lunch with Yipit which showed 4Q trends may be softer than initially reported.
The firm said the shift at Groupon appears to be toward travel and goods, and less on local services.
Commenting on the meeting with Yipit's General Manager David Sinsky and Data analyst Unaiz Kabani, the firm said: "We came away sensing that 4Q trends have slowed in N.A., somewhat offset by strength in int’l (though Yipit data is less mature in int’l markets). Yipit estimates the NA core daily deals business is flat to slightly down in October and with similar trends in November , while the newer travel Groupons show strong QoQ growth helping somewhat offset declines in the core."
The firm reiterated their Hold rating and $21 price target on Groupon.
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 $23.04 yesterday.
The firm said the shift at Groupon appears to be toward travel and goods, and less on local services.
Commenting on the meeting with Yipit's General Manager David Sinsky and Data analyst Unaiz Kabani, the firm said: "We came away sensing that 4Q trends have slowed in N.A., somewhat offset by strength in int’l (though Yipit data is less mature in int’l markets). Yipit estimates the NA core daily deals business is flat to slightly down in October and with similar trends in November , while the newer travel Groupons show strong QoQ growth helping somewhat offset declines in the core."
The firm reiterated their Hold rating and $21 price target on Groupon.
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 $23.04 yesterday.
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