Goldman Sachs Maintains Sell on Groupon, Raises Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan maintains a Sell rating on Groupon (NASDAQ:GRPN) and raises the price target from $3 to $4.
August 11, 2023 | 11:12 am
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Goldman Sachs maintains a Sell rating on Groupon and raises the price target from $3 to $4.
The news directly pertains to Groupon as Goldman Sachs maintains a Sell rating on the company. This suggests that the analyst believes the stock is overvalued or expected to underperform, which could negatively impact the stock price. However, the raised price target from $3 to $4 indicates a slightly more positive outlook than before, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100