According to a research report published this morning, Citi has upgraded Groupon GRPN from Neutral to Buy, and lowered PT from $24 to $22.
In the report, Citi commented, "Revenue of $559MM beat our/Street ests of $537MM/$531MM. CSOI (Consolidated Segment Operating Income) of $68MM beat our $65MM est. due to significant Marketing leverage, while Non-GAAP EPS of $0.02 was above our $0.01 estimate. Q2 Midpoint Revenue Guide of $570MM was above our $560MM estimate, but Midpoint CSOI of $70MM was in-line with our estimate."
Groupon closed yesterday at $11.74.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in