Groupon Inc Upgraded To Buy On Repeat Users: Wunderlich

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Groupon Inc Upgraded To Buy On Repeat Users: Wunderlich
By GrouponRUS (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Groupon is blessed with loyal buyers who are repeatedly visiting the site despite the concerns that the interest in the platform will gradually decline, noted Wunderlich Securities. In a recent report, analyst Blake Harper at Wunderlich Securities upgraded the stock to Buy from Hold, and raised the price target to $10  from $6.

More repeat buyers

According to Harper, “Our survey results show that 78% of respondents who recently purchased a Groupon intend to purchase another one within three months.” For the survey, Harper took around 307 U.S. adults into consideration, who purchased from Groupon within the past year.

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