Cautious Analyst Comments Weigh on Groupon (GRPN) Shares
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Price: $25.03 -0.48%
Rating Summary:
14 Buy, 16 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
Rating Summary:
14 Buy, 16 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
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Shares of Groupon (Nasdaq: GRPN) are under pressure Monday as several analysts issued cautious notes on the company earlier. The stock last traded at $22.44, down nearly 2.6 percent from Friday's closing price.
Deutsche Bank's Jeetil Patel reiterated a Hold rating and $21 price target on Groupon shares following a recent investor lunch with daily-deal peer Yipit. Patel said commentary from Yipit's GM David Sinsky suggest softer-than-expected trends may appear during the fourth quarter, specifically in North America.
Elsewhere, Stifel Nicolaus' Jordan Rohan initiated coverage on Groupon with a Hold rating this morning. The analyst called Groupon "the Internet's overgrown toddler," questioning its "'get big fast' strategy..." While Rohan admitted the company's rapid-expansion plan is "potentially revolutionary," "the company's current $15 billion valuation already discounts several years of hyper growth and margin expansion, which may not materialize as expected."
The Stifel analyst set a $18 to $20 fair value range on shares of Groupon.
On the other side of the trade, Barrington's Jeff Houston initiated coverage on Groupon with an Outperform rating and $30 price target Monday morning. The analyst highlighted the company's "first mover advantage."
Visit our Analyst Ratings section to track all the market-moving analyst calls on shares of Groupon.
Deutsche Bank's Jeetil Patel reiterated a Hold rating and $21 price target on Groupon shares following a recent investor lunch with daily-deal peer Yipit. Patel said commentary from Yipit's GM David Sinsky suggest softer-than-expected trends may appear during the fourth quarter, specifically in North America.
Elsewhere, Stifel Nicolaus' Jordan Rohan initiated coverage on Groupon with a Hold rating this morning. The analyst called Groupon "the Internet's overgrown toddler," questioning its "'get big fast' strategy..." While Rohan admitted the company's rapid-expansion plan is "potentially revolutionary," "the company's current $15 billion valuation already discounts several years of hyper growth and margin expansion, which may not materialize as expected."
The Stifel analyst set a $18 to $20 fair value range on shares of Groupon.
On the other side of the trade, Barrington's Jeff Houston initiated coverage on Groupon with an Outperform rating and $30 price target Monday morning. The analyst highlighted the company's "first mover advantage."
Visit our Analyst Ratings section to track all the market-moving analyst calls on shares of Groupon.
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