Will Groupon Stock Be a Market Beater in the Final 5 Months of 2024?
If there's a time capsule of 2014, there's a fair chance that someone left a now-expired (NASDAQ: GRPN) voucher in there. The local experience discounter was all the rage a decade ago, but like a great deal on the platform itself, there's been a pretty dramatic markdown here.
Groupon stock is trading 97% below the split-adjusted all-time high it hit the day it went public in late 2011. Its trailing revenue of $511.9 million over the last four quarters is whopping 83% below its top-line peak set a decade ago. A rough second quarter this week isn't going to scratch the bullish itch, but maybe it's time to approach the investment the way you would an intriguing deal on the Groupon app. The price seems cheap enough to consider tapping the "buy" button. A desperate seller could be a buyer's opportunity.
Let's start with Tuesday afternoon's disappointing financial update. After delighting investors in May -- with its first year-over-year increase in revenue since late 2015 -- the top line turned negative again in this week's second-quarter report. Revenue declined 3% to $124.6 million. It's a dip, but the performance is the smallest percentage slide since 2016 outside of Groupon's head-turning first quarter.
Source Fool.com
Groupon Inc. A Stock
With 5 Buy predictions and 4 Sell predictions the community is currently undecided on Groupon Inc. A.
Based on the current price of 1.22 € the target price of 19 € shows a potential of 1451.27% for Groupon Inc. A which would more than double the current price.
