In a report released today, Eric Sheridan from Goldman Sachs reiterated a Sell rating on Groupon (GRPN – Research Report), with a price target of $4.00. The company’s shares closed today at $7.60.
According to TipRanks, Sheridan is a 5-star analyst with an average return of 13.7% and a 61.71% success rate. Sheridan covers the Technology sector, focusing on stocks such as Alphabet Class A, Amazon, and Meta Platforms.
The word on The Street in general, suggests a Hold analyst consensus rating for Groupon with a $5.48 average price target, implying a -27.85% downside from current levels. In a report released yesterday, Barclays also assigned a Sell rating to the stock with a $6.00 price target.
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Based on Groupon’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $129.11 million and a GAAP net loss of $12.61 million. In comparison, last year the company earned a revenue of $153.22 million and had a GAAP net loss of $91.23 million
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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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