Where Does Wall Street Think Groupon Inc Common Stock (GRPN) Stock Will Go?

Wall Street is positive on Groupon Inc Common Stock (GRPN). On average, analysts give the stock a Buy rating. The average price target is $16.833, which means analysts expect the stock to fall by -9.55% over the next twelve months. That average ranking earns the stock an Analyst Rating of 16, which is better than 16% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating GRPN a Buy today. Find out what this means to you and get the rest of the rankings on GRPN!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Groupon Inc Common Stock Stock Today?

Groupon Inc Common Stock (GRPN) stock is trading at $18.61 as of 12:54 PM on Thursday, Feb 29, an increase of $0.24, or 1.33% from the previous closing price of $18.37. The stock has traded between $18.25 and $18.91 so far today. Volume today is below average. So far 169,208 shares have traded compared to average volume of 814,252 shares. Click Here to get the full Stock Report for Groupon Inc Common Stock stock.