Groupon Shares Surge as Analysts Issue Bullish Upgrades

Groupon shares concluded Friday’s trading session with modest gains, fluctuating between $22.52 and $22.66. This positive movement suggests potential stabilization following a period of weaker weekly performance.

Market analysts have demonstrated renewed confidence in the deal platform operator through substantial upward revisions. Roth Capital elevated its price objective from $33 to $47, while Northland Securities increased its target from $39 to $44. The collective consensus price target now stands at $29.80.

Further reinforcing this optimistic outlook, the Zacks Consensus Estimate for Groupon’s full-year earnings per share has been revised upward by a remarkable 31.1% over the past month, now projecting $0.80. This overwhelming analyst endorsement has earned Groupon the prestigious Zacks Rank #1 (Strong Buy) designation.

Strong Quarterly Performance Underpins Confidence

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