Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Groupon Stock Climbed on Friday

TheMotleyFool

0 0

Shares of Groupon (NASDAQ: GRPN) climbed today, up by 5% as of 11 a.m. EDT, after getting a bullish vote of confidence from Wall Street. Ascendiant Capital boosted its price target on Groupon stock, pointing to economic recoveries.

Ascendiant Capital analyst Edward Woo increased his price target on Groupon shares from $42 to $70 following the e-commerce technology company's first-quarter earnings release last month, which beat analyst expectations. Ascendiant Capital reiterated its overall buy rating on Groupon, suggesting that the stock offers a compelling risk/reward profile for investors at current prices.

Image source: Groupon.

Source Fool.com

Like: 0

GRPN

Share