{"id":27092,"date":"2014-07-08T09:20:39","date_gmt":"2014-07-08T13:20:39","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=27092"},"modified":"2014-07-08T09:20:39","modified_gmt":"2014-07-08T13:20:39","slug":"groupon-inc-nasdaqgrpn-receives-9-5-per-share","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/groupon-inc-nasdaqgrpn-receives-9-5-per-share-27092","title":{"rendered":"Groupon Inc (NASDAQ:GRPN) Receives $9.5 Per Share"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 07\/08\/2014 (wallstreetpr) \u2013 Shares of daily deals provider, <b>Groupon Inc (NASDAQ:GRPN)<\/b>, are expected to touch 9.50 per share within the next 12 months, according to analysts at B. Riley. The analysts also upgraded the stock to a Buy, citing operational improvements and various encouraging developments in the company. They expect the developments to support massive organic growth and margin expansion.<\/p>\n<p style=\"text-align: justify;\">The analysts said the company is entering a period of easier yearly performance comparison. They previously had a price target of $6 on the stock of Groupon (GRPN).<\/p>\n<p style=\"text-align: justify;\">The latest development reflects a change of heart at B. Riley because they recently chopped their price target on the stock from $8 per share to $6 on a note issued in May.<\/p>\n<p style=\"text-align: justify;\"><b>Changing Wall Street views<\/b><\/p>\n<p style=\"text-align: justify;\">Groupon Inc (NASDAQ:GRPN) appears to be winning confidence of experts in Wall Street given that a number of analysts have recently raised their expectations in the company. For example, analysts at Deutsche Bank rates, the stock of Groupon a Buy and they have a price target of $8 on the stock.<\/p>\n<p style=\"text-align: justify;\">At <b>Goldman Sachs Group Inc (NYSE:GS)<\/b>, Groupon carries a price target of $8 per share.<\/p>\n<p style=\"text-align: justify;\">The stock has an average price target of $9.50.<\/p>\n<p style=\"text-align: justify;\"><b>Beating results<\/b><\/p>\n<p style=\"text-align: justify;\">Groupon Inc (NASDAQ:GRPN) exceeded expectation in its 1Q2014 financial reporting. The company suffered a loss of $0.01 per share at a time when Wall Street expected a loss of $0.03 per share.\u00a0 Revenue also exceeded the consensus estimate to become at $757.60 million, ahead of the estimated $738.40 million. Revenue was up 26 percent in the most recent quarter compared to the same period a year earlier.<\/p>\n<p style=\"text-align: justify;\"><b>Revenue growth<\/b><\/p>\n<p style=\"text-align: justify;\">The noted revenue growth in the company is a result of aggressive operational improvement that has seen the company increase its offerings while attracting more users through personalized platforms that can be accessed on mobile.<\/p>\n<p style=\"text-align: justify;\">Groupon Inc (NASDAQ:GRPN) continues to expand its geographical coverage amid encouraging response in the international markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 07\/08\/2014 (wallstreetpr) \u2013 Shares of daily deals provider, Groupon Inc (NASDAQ:GRPN), are expected to touch 9.50 per share within the next 12 months, [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1819,833],"stock_ticker":[],"class_list":["post-27092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-groupon-inc-nasdaqgrpn","tag-nasdaqgrpn","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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