NEW YORK (TheStreet) -- Shares of Groupon Inc. (GRPN) continue to surge, up 5.32% to $8.21 in morning trading Wednesday, after the online discount retailer issued a strong fiscal year 2015 revenue guidance during its analyst and investor day presentation yesterday.
Groupon said it now expects revenue to rise by at least 15% in 2015, higher than analysts' expectations of a 13.7% rise in revenue for the full year.
The company expects to post adjusted EBITDA growth of at least 25% in 2015, and also said in its presentation that it hopes to achieve revenue growth of 20% or more and adjusted EBITDA growth of at least 25% over the next three years.
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Groupon said it wants to transform from an e-mail model to an e-commerce site as one of the primary drivers of its revenue and earnings growth.
The management has plans to turn the company into an online store like Amazon.com, Inc. (AMZN) to capitalize on the growing use of mobile.
Groupon reiterated its guidance for the fourth quarter, and expects earnings in the range of 2 cents per share to 4 cents per share, compared to analysts' estimates of 3 cents per share.
Separately, TheStreet Ratings team rates GROUPON INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: