Here are Citigroup's top three Internet large-cap names for the second-quarter earnings season.
Mark Mahaney, Citigroup Investment Research Internet analyst, discusses why he maintains a "buy" rating on Groupon and a $19 per share price target, despite hitting new lows since the stock went public last November.
Groupon shares continue to plummet—falling below $8 for the first time Wednesday, and ending the day down 6.5 percent, bringing the stock down 62 percent year-to-date. What happened?
Stocks recovered from their worst levels but still finished lower Wednesday in choppy trading, after minutes of the Federal Reserve's latest meeting offered no strong hints about more easing to prop up the sluggish economy.
Why I wouldn’t dare recommend Groupon’s stock — at least not to friend.
Take a look at some of Wednesday's midday movers:
"Silicon Beach", is attracting talent and funding for tech startups, entrepreneurs drawn to LA's ability to brand and sell ideas...plus the weather.
Stocks trimmed most of their losses to close narrowly mixed Monday as hopes for stimulus from the Federal Reserve helped limit losses following a disappointing manufacturing report.
Herman Leung, Susquehanna Financial Group analyst, explains why he cut the price target from $15 to $12 for the e-commerce company.
Stocks rallied Tuesday amid optimism that the Federal Reserve will announce further steps to help the economy following their two-day meeting, but finished off session highs after reports that a German official said there were no plans to use the EU's rescue fund to buy bonds of troubled countries.
Although Groupon shares have taken a beating since their market debut last year, one analyst thinks the stock is nearing a range in which it is fully valued.
Stocks finished mixed Monday after wavering in a tight range for most of the session as ongoing worries over Spain overshadowed results of the weekend's Greek elections and as investors hesitated to jump in ahead of the FOMC meeting.
U.S. stock index futures were higher Tuesday, as investors bet on the Federal Reserve announcing further economic stimulus measures after its monetary policy meeting.
"I think we are getting towards a point of fair value for Groupon, I wouldn't be going gangbusters for Groupon however there is some reason to believe that they will be able to continue to cut back on their customer acquisition cost and to continue to grow revenue," Max Wolff, chief economist at GreenCrest Capital, told CNBC.
Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Groupon shares are soaring on a Morgan Stanley upgrade, with CNBC's Julia Boorstin.
When Facebook spacer went public a month ago today, the early betting was that it would storm out of the IPO chute and usher in a new wave of tech stock offerings. Some went so far as to compare its impact to that of Google's 2004 IPO
Take a look at some of Monday’s morning movers:
No customer accounts appear to have been damaged following a cyber attack on professional social networking website Linkedin, its co-founder and executive chairman Reid Hoffman told CNBC on Friday.
Foursquare is expected to announce an overhaul of its application — one that Dennis Crowley, the chief executive and one of the founders, says is the truest vision of Foursquare, turning it into a recommendation service that could rival sites like Yelp.