Prescience Point Capital Management Raises Price Target on Groupon, Inc., to $88.17 Per Share
BATON ROUGE, La., Jan. 31, 2022 /PRNewswire/ -- Prescience Point Capital Management, a research-focused, catalyst-driven investment firm that seeks to earn superior risk-adjusted returns uncorrelated to the broader market, announced today that it has updated its price target on Groupon, Inc. (NASDAQ:GRPN) ("Groupon" or "the Company") based on new information that indicates the value of the Company's stake in the European payments company SumUp is worth more than Groupon's entire market capitalization.
In its initiation report, Prescience Point stated that it viewed Groupon as a misunderstood company, which had been wrongly left for dead due to an antiquated bear thesis and apathetic sell-si
