Watching Groupon; Traders Circulate Roth Capital Out With Note Saying "Initiate At Buy With $30 Target COVID Casualty Is Now A Recession Refuge"
Portfolio Pulse from Benzinga Newsdesk
Roth Capital has initiated a 'Buy' rating on Groupon with a target price of $30, suggesting that the company, which was a casualty of the COVID-19 pandemic, is now seen as a refuge during the recession.
October 12, 2023 | 8:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Groupon's stock may see a positive impact due to the 'Buy' rating and $30 target price initiated by Roth Capital. The firm's view of Groupon as a recession refuge could attract investors.
Analyst ratings often influence investor sentiment and can impact a company's stock price. In this case, Roth Capital's 'Buy' rating and $30 target price for Groupon could lead to increased investor interest and a potential rise in the stock's price. Furthermore, the firm's view of Groupon as a recession refuge could make the stock more attractive to investors seeking stability during economic downturns.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100