Benchmark Maintains a 'Buy' on Groupon, Inc. (GRPN); Strong Cash Flow Opportunity
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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 of $20.00.
Analyst, Clayton F. Moran, said, "We visited Groupon’s Chicago sales office and met with investor relations last week. We have three takeaways: 1) The IPO lock-up, which has been a major overhang on the stock, expired last Friday; 2) recent enhancements to marketing efficiency should be sustained; and 3) the market opportunity remains enormous as Groupon is leading the online charge into local commerce."
"...The stock trades at 15x 2012E EBITDA and 9x 2013E EBITDA, seemingly cheap for rapid growth. But investors fear daily deals are a fad and/or that competition will erode the take-rate and margins. We believe global scale and brand recognition are keys to long-term success on the Internet and view Groupon’s first mover advantage as meaningful."
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 $8.95 yesterday.
Analyst, Clayton F. Moran, said, "We visited Groupon’s Chicago sales office and met with investor relations last week. We have three takeaways: 1) The IPO lock-up, which has been a major overhang on the stock, expired last Friday; 2) recent enhancements to marketing efficiency should be sustained; and 3) the market opportunity remains enormous as Groupon is leading the online charge into local commerce."
"...The stock trades at 15x 2012E EBITDA and 9x 2013E EBITDA, seemingly cheap for rapid growth. But investors fear daily deals are a fad and/or that competition will erode the take-rate and margins. We believe global scale and brand recognition are keys to long-term success on the Internet and view Groupon’s first mover advantage as meaningful."
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 $8.95 yesterday.
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