Goldman Sachs Maintains Sell on Groupon, Raises Price Target to $7.5
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 $5 to $7.5.
January 19, 2024 | 1:38 pm
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Goldman Sachs reaffirms Sell rating on Groupon, yet raises the price target from $5 to $7.5, indicating a potential downside from the current price level.
The reaffirmation of the Sell rating by Goldman Sachs suggests that the analyst believes the stock may not perform well in the near term. However, the increase in the price target could imply that the downside risk may be less severe than previously thought, or that the company's fundamentals have slightly improved. This mixed signal can lead to short-term uncertainty in the stock's price movement.
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IMPORTANCE 80
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