Why Groupon Stock Surged Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why Groupon Stock Surged Today

Shares of Groupon (NASDAQ: GRPN) have surged today, up by 22% as of 11:15 a.m. EST, after several analysts released positive research notes in the wake of the company's earnings release last week. UBS maintains buy rating, with analyst Eric Sheridan boosting his price target from $47 to $55. Credit Suisse keeps a neutral rating, with analyst Stephen Ju raising his valuation estimate from $31 to $35.