Groupon long-term potential intact, says Piper Jaffray Piper Jaffray said it still believes Groupon will be successful in building itself into a deals search destination, though this could take two or three years. In 2014, Piper expects a potential acceleration in U.S. revenue growth and greater stability in growth elsewhere and maintain its Overweight rating and $15 target on Groupon.
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.