- Groupon (NASDAQ:GRPN) picked up a bit Thursday after hours following a revenue beat for Q1, but declined Friday and is off 5.7% today alongside some analyst updates.
- Jefferies's Brian Pitz says the company's transition to a more reliable footing is still a work in progress, and maintains its Hold rating (but with a higher price target of $3.50, now about 3% upside from today's lowered price). Groupon is continuing to streamline international operations while focusing investment in North America, with a an emphasis on new customers.
- Meanwhile, RBC Capital downgraded the stock (and trimmed its price target to $3) noting some fundamentals breaking down. “While there were a few positive/neutral data points (North America Active Customer growth) in the March quarter print, we see very few signs of a turnaround in fundamentals at Groupon."
- Now read Groupon: All Eyes On The Results »