JAFFARY RAISES GRPN TO $8 BASED ON INTERNATIONAL TRENDS RAISING REVENUE POST.
Stocks Set to Soar on Bullish Earnings - views
Stock Quotes in this Article: CRZO, QCOR, UNXL, VVUS, GRPN
By Roberto Pedone
Another earnings short-squeeze prospect is Internet daily deal provider Groupon (GRPN), which is set to release numbers on Wednesday after the market close. Wall Street analysts, on average, expect Groupon to report revenue of $639.59 million on earnings of 3 cents per share.
Just recently, Piper Jaffray analyst Gene Munster upgraded Groupon to overweight from neutral saying that the coupon provider’s international business trends are improving and the rebound should cause the company to increase its revenue guidance for the quarter ending in March. Munster raised his price target on the stock to $8 from $5.50 a share.