tiprankstipranks
Groupon price target lowered to $21 from $26 at Roth MKM
The Fly

Groupon price target lowered to $21 from $26 at Roth MKM

Roth MKM analyst Sean McGowan lowered the firm’s price target on Groupon (GRPN) to $21 from $26 and keeps a Buy rating on the shares. The company’s Q3 billings and adjusted EBITDA topped estimates, but the reduction in Q4 outlook and “tepid” 2025 revenue guidance overshadowed signs of progress on website performance improvements, upticks in marketing efficiency, increased financial flexibility, and reduced Local billings decline, the analyst tells investors in a research note. Roth MKM added however that it remains bullish that Groupon will be able to post significant revenue and adjusted EBITDA growth in the second half of FY25.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App