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Fly News Breaks for April 24, 2018
GRPN
Apr 24, 2018 | 05:15 EDT
Groupon's Q4 results remain misunderstood as the shift to Groupon+ is a decision made out of a position of strength, Piper Jaffray analyst Sam Kemp tells investors in a research ahead of the company's Q1 results on May 9. The analyst believes Groupon+ is showing the signs of being the right long-term decision and that adoption should drive upside to 2019 estimates. Further, Groupon's 2018 guidance is "prudently conservative," with accelerating gross profit growth in the second half of 2018 being a "key catalyst for shares," Kemp writes. He keeps an Overweight rating on Groupon shares with a $6.25 price target.
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