Groupon Upgraded to Buy by Deutsche Bank (GRPN)

Groupon (NASDAQ: GRPN) was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $10.00 price target on the stock, up from their previous price target of $6.00. Deutsche Bank’s price objective indicates a potential upside of 45.77% from the company’s current price.

The analysts wrote, “the company should be in a position to grow billings 20%+ on the transition to a “pull” strategy, marked by further traction in mobile and SEO/SEM, which should result in up to 30% upside to 2015 consensus EBITDA in our bull case.”

Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “sell” rating on shares of Groupon in a research note to investors on Friday, June 7th. Separately, analysts at Thomson Reuters/Verus upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, May 28th. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Groupon in a research note to investors on Monday, May 20th. They now have a $9.00 price target on the stock.

Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Groupon has an average rating of “Hold” and a consensus target price of $6.44.

Shares of Groupon (NASDAQ: GRPN) traded up 12.83% during mid-day trading on Friday, hitting $7.74. Groupon has a 52 week low of $2.60 and a 52 week high of $14.93. The stock’s 50-day moving average is currently $5.82. The company’s market cap is $5.120 billion.

Groupon (NASDAQ: GRPN) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. The company had revenue of $601.40 million for the quarter, compared to the consensus estimate of $590.18 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Groupon will post $0.17 earnings per share for the current fiscal year.

Groupon, Inc. offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.

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