Benchmark Maintains a 'Buy' on Groupon, Inc. (GRPN); Adjusting Numbers After Strong Quarter
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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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Benchmark maintains a 'Buy' on Groupon, Inc. (NASDAQ: GRPN) price target lowered from $28 to $20.
Analyst, Clayton F. Moran, said, "Groupon reported 1Q12 results and 2Q12 guidance that topped expectations. Operating metrics showed no sign of competitive pressure, with a 41% take rate driving 89% y/y revenue growth, including a material acceleration in sequential North America growth. Unique subscriber additions also accelerated, while EBITDA margins expanded on lower marketing costs. raise our revenue and EBITDA estimates but temper our price target from $28 to $20 per share...We raise our 2012E EBITDA from $346 million to $367 million; 2013E rises from $524 million to $600 million."
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, Clayton F. Moran, said, "Groupon reported 1Q12 results and 2Q12 guidance that topped expectations. Operating metrics showed no sign of competitive pressure, with a 41% take rate driving 89% y/y revenue growth, including a material acceleration in sequential North America growth. Unique subscriber additions also accelerated, while EBITDA margins expanded on lower marketing costs. raise our revenue and EBITDA estimates but temper our price target from $28 to $20 per share...We raise our 2012E EBITDA from $346 million to $367 million; 2013E rises from $524 million to $600 million."
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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