Groupon Inc (NASDAQ:GRPN) is higher amid a Seeking Alpha article titled, “Is Groupon Attractively Priced?” which states the recent decline in shares makes for an “attractive entry point” given the company’s potential for revenue growth despite its struggle to return to profitability.

The article notes the e-commerce merchant discount company’s increase in bookings, additional marketing spending and focus on local businesses which should aid revenue growth.

Year-to-date, GRPN is down almost 50% and trades near the lower end of a 52-week price range of $5.18 – $12.76 per share. The stock also saw some positive commentary today from a Piper Jaffray analyst. GRPN is up 6.1% to $6.53 per share in afternoon Monday trading.

Analysts have a consensus price target of $9.75 on Groupon Inc (NASDAQ:GRPN) which indicates a 58% upside. The consensus rating of the stock is a Hold with a score of 2.35. There are currently 8 Buy ratings on the stock, 2 Sell ratings and 7 Hold ratings.

Groupon last reported earnings on May 6th, posting first quarter 2014 revenue of $757 million and ($.01) earnings per share. The EPS beat the consensus EPS and revenues estimates.

 

 

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