Yelp (YELP) Receives Price Target

Yelp (YELP) : The highest short term price target forecast on Yelp (YELP) is $45 and the lowest target price is $27. A total of 20 equity analysts are currently covering the company. The average price of all the analysts is $37.55 with a standard deviation of $5.41.

Yelp (YELP) : 7 brokerage houses believe that Yelp (YELP) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Yelp (YELP). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 25 Wall Street Analysts endorse the stock as a Hold with a rating of 2.56.


Also, Mizuho Securities upgrades its rating on Yelp (NYSE:YELP). Analysts at the Mizuho Securities have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 10, 2016.

Yelp (NYSE:YELP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.43 and $38.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.89, notching a gain of 1.07% for the day. The total traded volume was 1,671,927 . The stock had closed at $38.48 on the previous day.

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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