Groupon price target lowered to $2.50 from $3.50 at Ascendiant Capital Ascendiant Capital said it remains cautious on Groupon following the company's Q3 results and that it finds the current valuation unattractive. The firm lowered its price target for shares to $2.50 from $3.50 and keeps a Sell rating on the name.
Groupon jumps 5% after positive mention by Leon Cooperman Shares of Groupon are trading higher after Leon Cooperman of Omega Advisors said on CNBC that his firm believes shares are worth 40%-50% more than current trading levels. Cooperman added that the provider of coupons is not a large holding for Omega. Groupon shares are up 5%, or 32c, to $7.15 in afternoon trading.