After Posting Surprising Results, Where Does Groupon Go From Here?
![After Posting Surprising Results, Where Does Groupon Go From Here? After Posting Surprising Results, Where Does Groupon Go From Here?](https://g.foolcdn.com/editorial/images/462395/gettyimages-591418054.jpg)
Groupon's (NASDAQ: GRPN) stock is finally showing signs of life. On the back of a stronger-than-expected third-quarter earnings report and positive commentary regarding its forward outlook, shares jumped 7% in the post-announcement trading session. It's been a good year for the stock; shares of the deal site have rallied approximately 65% year to date, far outpacing the market's 15% return, as defined by the S&P 500.
Still, the positive quarter is of little solace to long-term investors. Currently, the stock trades hands for less than $6 per share, down more than 70% from the $20 IPO price in 2011. However, Groupon's history, including the third quarter, should be quickly forgotten. What matters is the company's future. Where does Groupon go from here?
Image source: Getty Images.
Source: Fool.com
Groupon Inc. A Stock
Currently there is a rather positive sentiment for Groupon Inc. A with 5 Buy predictions and 3 Sell predictions.
Based on the current price of 1.22 € the target price of 20 € shows a potential of 1532.92% for Groupon Inc. A which would more than double the current price.