After Groupon reported a quarterly loss in fourth quarter earnings that disappointed the street, one analyst sees long term value in the daily deals site and maintains his "buy" rating and $9 price target on the stock.
"We recently upgraded the stock based upon the turnaround potential," said Arvind Bhatia, managing director at Sterne Agee. "What we saw last quarter was demand re-acceleration, which I think got lost in the noise in the quarter. They clearly missed the profit expectations, but the 25 percent sequential increase in demand, to me, was a big positive."