Barclays analyst Trevor Young assigned a Sell rating to Groupon (GRPN – Research Report) yesterday and set a price target of $6.00. The company’s shares closed yesterday at $7.94.
Young covers the Consumer Cyclical sector, focusing on stocks such as Groupon, Etsy, and Revolve Group. According to TipRanks, Young has an average return of -6.6% and a 39.83% success rate on recommended stocks.
Groupon has an analyst consensus of Hold, with a price target consensus of $5.48.
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GRPN market cap is currently $248M and has a P/E ratio of -1.04.
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Groupon, Inc. operates as a global scaled two-sided marketplace that connects consumers to merchants. The firm provides marketing services by selling vouchers through online local marketplaces. It operates through North America and International segment. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell on January 15, 2008 and is headquartered in Chicago, IL.
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