Groupon price target raised to $35 from $30 at Northland

Northland raised the firm’s price target on Groupon (GRPN) to $35 from $30 and keeps an Outperform rating on the shares. Q1 results “marked a clear inflection point in the story” after two years of stabilizing the business and rebuilding the platform, contends the analyst. The focus now is squarely on reigniting growth and while year-to-date performance “will be tough to repeat,” the firm expects further execution moving forward, which should send shares higher, the analyst added.