Groupon: Credit Suisse remains 'neutral'
(CercleFinance.com) - Credit Suisse maintains its "neutral" rating and 4.
90 dollar target price for the Groupon stock, after hosting meetings with the deal website's management team in San Francisco.
The broker said it left the event with a better understanding of the group's long-term international development opportunities.
Credit Suisse noted that the international market represents twice that in North America, and also pointed out that the potential in Europe is under-appreciated by the market.
While it sees several positive potential catalysts in 2018 (Groupon+ adoption, improved international performance and integration of food delivery), the broker maintains its "neutral" stance given muted growth in gross profit.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
90 dollar target price for the Groupon stock, after hosting meetings with the deal website's management team in San Francisco.
The broker said it left the event with a better understanding of the group's long-term international development opportunities.
Credit Suisse noted that the international market represents twice that in North America, and also pointed out that the potential in Europe is under-appreciated by the market.
While it sees several positive potential catalysts in 2018 (Groupon+ adoption, improved international performance and integration of food delivery), the broker maintains its "neutral" stance given muted growth in gross profit.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.