Brokerage Firm Rating Update on Yelp (YELP)

Yelp (YELP) has an average broker rating of 2.56, which is interpreted as a Hold, as rated by 25 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Yelp (YELP) : The highest level Yelp (YELP) is projected to reach is $45 for the short term and the lowest estimate is at $27. The consolidated price target from 20 rating analysts who initiate coverage on the stock is $37.55 and the possibility the share price can swing is $5.41.


Company shares have received an average consensus rating of Hold for the current week Also, Mizuho Securities upgrades its view on Yelp (NYSE:YELP) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on August 10, 2016.

Yelp (NYSE:YELP): stock was range-bound between the intraday low of $38.79 and the intraday high of $39.88 after having opened at $39.84 on Wednesdays session. The stock finally closed in the red at $39.84, a loss of -1.98%. The stock remained in the red for the whole trading day. The total traded volume was 1,586,770 shares. The stock failed to cross $39.88 in Wednesdays trading. The stocks closing price on Thursday was $39.84.

Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.

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