Barclays Maintains Underweight on Groupon, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young maintains an Underweight rating on Groupon (NASDAQ:GRPN) and raises the price target from $4 to $6.

August 10, 2023 | 11:26 am
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Barclays maintains an Underweight rating on Groupon but raises the price target from $4 to $6.
While the Underweight rating suggests that Barclays expects Groupon's stock to underperform, the raised price target indicates a more positive outlook than previously. This mixed signal could lead to uncertainty in the market, potentially keeping the stock price stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100