Why Groupon Stock Climbed on Friday

Why Groupon Stock Climbed on Friday

Shares of Groupon (NASDAQ: GRPN) climbed today, up by 5% as of 11 a.m. EDT, after getting a bullish vote of confidence from Wall Street. Ascendiant Capital boosted its price target on Groupon stock, pointing to economic recoveries. Ascendiant Capital analyst Edward Woo increased his price target on Groupon shares from $42 to $70 following the e-commerce technology company's first-quarter earnings release last month, which beat analyst expectations.