Goldman Sachs Adjusts Estimates and PT on Groupon, Inc. (GRPN); Q1 Exceeds, Guidance Mixed
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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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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.
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.
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