Since Groupon (NASDAQ:GRPN) sold a majority stake in its TicketMonster Unit, the share price tumbled to historical lows. It went from $8.18 in April to $4.82 right now, having decreased by more than 40% in a couple of months.
In a report published Friday, Brean Capital analyst Tom Forte maintained a Buy rating and price target of $11 on Groupon Inc (NASDAQ: GRPN). The analyst attributes the 42 percent decline in the share price since late February to a “buyer's strike.” ...
As much as 16 analysts have advised buy on Groupon, Inc. (NASDAQ:GRPN) with an average broker rating of 2.13. Experts at Zacks have given it a short term rating of 2, which means that the investors can Buy for the short term positions.
In a report published Monday, Macquarie analyst Tom White upgraded the rating on Groupon Inc (NASDAQ: GRPN) from Neutral to Outperform, while reducing the price target from $7.75 to $7, following the recent pullback in shares.