Groupon got a stock bump this week following an analyst’s upgrade, a rare occurrence for the daily deal site that has seen its stock price plummet since its debut on the public market. The company’s evolving business model, an increasing presence in mobile commerce and an international push can help the online coupon dealer hit $9 per share over the next 12 months, according to a note from Arvind Bhatia at Sterne Agee. Daily deal sites haven’t been the subject of such optimism lately.
Loading ...
Upgrade Points to Mobile as Groupon's Real Deal
Posted by: Rachelle Dragani February 15, 2013 11:50 AMGroupon got a stock bump this week following an analyst’s upgrade, a rare occurrence for the daily deal site that has seen its stock price plummet since its debut on the public market. The company’s evolving business model, an increasing presence in mobile commerce and an international push can help the online coupon dealer hit $9 per share over the next 12 months, according to a note from Arvind Bhatia at Sterne Agee. Daily deal sites haven’t been the subject of such optimism lately.