Shares of online discount product and service platform, Groupon, Inc. (GRPN) are rising more than 9% Monday morning after Prescience Point Capital Management updated its price target on Groupon.
The update is based on the information that the value of the company's stake in the European payments company SumUp is worth more than Groupon's entire market capitalization, Prescience Point said.
"We believe that Groupon's SumUp investment alone is worth almost $33 per share. This means that investors who purchase Groupon shares today, which are currently trading at around $27 per share, are buying its SumUp investment at a discount, and on top of this, are receiving Groupon's core business, which is poised for accelerating growth and profitability, essentially for free," said Eiad Asbahi, Founder and Managing Partner of Prescience Point.
GRPN, currently at $29.78, has been trading in the range of $19- $64.69 in the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.