Groupon shares are trading higher after Goldman Sachs and Credit Suisse raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Groupon's stock is trading higher following Goldman Sachs and Credit Suisse raising their price targets on the stock.
August 11, 2023 | 2:59 pm
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POSITIVE IMPACT
Groupon's stock price is likely to increase in the short term due to raised price targets by Goldman Sachs and Credit Suisse.
Analyst ratings and price targets can significantly influence a stock's price. In this case, two major financial institutions, Goldman Sachs and Credit Suisse, have raised their price targets for Groupon, indicating a positive outlook for the stock. This news is likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100