Credit Suisse analyst Stephen Ju raised the firm’s price target on Groupon to $8 from $3.40 and keeps a Neutral rating on the shares following the Q2 results. Groupon is progressing along its eight pillar turnaround strategy plan outlined last quarter along three key workstreams — organizational rebuild, marketplace revitalization, and improved financial health — and saw improved demand in its marketplace as it continues to incrementally reduce its reliance on deep promotional offers, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GRPN:
- Groupon price target raised to $4 from $3 at Goldman Sachs
- Penn downgraded, Roblox upgraded: Wall Street’s top analyst calls
- Groupon price target raised to $6 from $4 at Barclays
- Groupon expects to see ‘slight improvement’ in rate of revenue decline in H2
- Groupon reports Q2 global units sold down 20% at 9.6M