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Fly News Breaks for May 22, 2017
FB, YELP, GRUB
May 22, 2017 | 08:28 EDT
After Facebook (FB) rolled out of its "Order Food" button last week, Roth Capital analyst Darren Aftahi noted that the social media giant's initial partners, Slice and delivery.com, have smaller footprints than GrubHub (GRUB) and Yelp's (YELP) eat24, which leads him to believe that the headline risk may be greater than the business impact. However, he cautions that the thinks Facebook's ambition to become a full-service local directory platform increases long-term risk for Yelp. Aftahi keeps a Buy rating on GrubHub and a Sell rating on Yelp.
News For GRUB;YELP;FB From the Last 2 Days
YELP
Apr 24, 2024 | 08:07 EDT
Jefferies raised the firm's price target on Yelp to $43 from $42 and keeps a Hold rating on the shares. In a preview note for the U.S. Internet group, the firm says it will be looking for signs of sustainability in elevated ARPU growth at Yelp, especially as locations/app MAUs remain in decline.
