Goldman Sachs Maintains Sell on Groupon, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Sell rating on Groupon (NASDAQ:GRPN) but increased the price target from $4 to $5.

November 14, 2023 | 1:53 pm
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Goldman Sachs reaffirms Sell rating on Groupon, yet raises the price target from $4 to $5, indicating a potential downside risk but a slightly improved outlook.
The maintenance of a Sell rating suggests that Goldman Sachs does not see a positive outlook for Groupon's stock in the short term. However, the increase in the price target might reflect a slightly less negative view than before, possibly due to some positive developments or better-than-expected performance by the company. Despite the raised target, the Sell rating still implies that the stock's price may decline, which could lead to a negative impact on the stock price in the short term.
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