Stating a potential downside of -0.03%, Wedbush bumped up the target of Groupon Inc (NDAQ:GRPN) to $4.50

Boasting a price of $4.66, Groupon Inc (NDAQ:GRPN) traded 0.65% higher on the day. With the last close up 4.89% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Groupon Inc has recorded a 50-day average of $3.58 and a two hundred day average of $4.44. Volume of trade was up over the average, with 20,916,084 shares of GRPN changing hands over the typical 13,122,900

Performance Chart

With a total market value of $0, Groupon Inc has with a one year low of $2.92 and a one year high of $5.94 .

A total of 14 equity analysts have released a ratings update on GRPN. zero brokers Rating the stock a strong buy, 3 brokers rating the stock a buy, twelve analysts rating the company a hold, three brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month target of $4.00.

Brief Synopsis About Groupon Inc (NDAQ:GRPN)

Groupon, Inc. operates online local commerce marketplaces throughout the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international operations (Rest of World). It offers deals on goods and services in approximately three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). Collectively, Local and Travel consists of its services offerings and Goods, which the Company refers as Shopping, which reflect its product offerings. In its Goods category, the Company acts as the merchant of record, particularly for deals in North America and in EMEA. It offers deals on products for which it acts as the merchant of record. It acts as a marketing agent by selling vouchers (Groupons) that can be redeemed for products or services with third party merchants.

The post Wedbush issued a report on Groupon Inc (NDAQ:GRPN), hiking its price target to $4.50 earlier today appeared first on Octafinance.