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Groupon Given New $5.00 Price Target at Evercore Partners (GRPN) (Zolmax)
Analysts at Evercore Partners increased their price target on shares of Groupon Inc (NASDAQ:GRPN) from $4.30 to $5.00 in a research report issued to clients and investors on Wednesday, StockRatingsNetwork reports. The firm currently has an “underweight” rating on the stock. A number of other firms have also recently commented on GRPN. Analysts at TheStreet reiterated a “hold” rating on shares of Groupon Inc (NASDAQ:GRPN) in a research note to investors on Wednesday, April 24th. Separately, analysts at Macquarie raised their price target on shares of Groupon Inc (NASDAQ:GRPN) from $4.00 to $5.50 in a research note to investors on Wednesday, April 3rd. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG initiated coverage on shares of Groupon Inc (NASDAQ:GRPN) in a research note to investors on Tuesday, April 2nd. They set a “sell” rating and a $4.40 price target on the stock.

Former Groupon President Joins Venture Firm, Accel Partners (DailyDealMedia)
Global venture and growth equity firm, Accel Partners, has former Groupon Inc (NASDAQ:GRPN) president and CEO, Rob Solomon to their team as a venture partner. The high-profile Silicon Valley firm said Solomon will focus on early stage and growth equity opportunities and focus on “operational issues like product management, scaling infrastructure, business operations, and mergers and acquisitions.” Andrew Braccia, an Accel parneter, explained in a statement, “[Solomon] has been at the helm of some of the most high profile consumer internet brands and has demonstrated a unique ability to inspire and lead teams through both rapid growth and challenging times.”