Groupon seen as oversold, says Roth MKM

Roth MKM keeps a Buy rating and $26 price target on Groupon ahead of its Q3 results next month. The company’s revenue and adjusted EBITDA are expected to decline from last year as guided, but the firm also sees the stock as “oversold”, with tech problems that hampered the quarter having been fixed and the management possibly working on monetizing its stake in SumUp, the analyst tells investors in a research note. Groupon’s earnings call commentary also should point toward strong growth in FY25, the firm added.