Seeking Alpha

Morgan Stanley bullish on Groupon's growth, international prospects

  • Analyst Scott Devitt, who upgraded Groupon (GRPN +5.7%) to Overweight this morning, thinks Groupon will see "accelerating growth in 2014," and can "grow at rates comparable to overall e-commerce in the long term."
  • Devitt observes Groupon's North American local deals momentum is strong, and that the rollout of its "deal bank" (unused daily deals sold via Groupon's site/apps) has only begun in EMEA, While Groupon's North American sales grew 45% Y/Y in Q2, its EMEA sales fell 24%, and sales elsewhere fell 26%.
  • Groupon received upgrades from UBS and Raymond James following its Aug. 7 Q2 revenue beat.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|