The once beaten-up Internet 2.0 stocks are coming back with a vengeance. Groupon (Nasdaq:GRPN) still has a long way to go to match Facebook (NYSE: FB) and Yelp (Nasdaq:YELP) in terms of reclaiming prior highs, but the stock has quadrupled from its lows and analysts seem considerably more positive about the company's strategy now. With that big recovery in the stock, valuation is getting more demanding but if Groupon can get to double-digit revenue growth, I would expect the stock to remain strong.
Read more here:
http://www.investopedia.com/stock-analysis/080813/groupon-takes-another-step-forward-grpn-fb-goog-amzn.aspx
Investopedia: Groupon Takes Another Step Forward
0 comments:
Post a Comment