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Fly News Breaks for August 4, 2017
GRUB, YELP
Aug 4, 2017 | 08:38 EDT
Roth Capital analyst Darren Aftahi said the positives to Yelp (YELP) from its newly-announced Grubhub (GRUB) partnership, combined with its share repurchase option, are "too hard to ignore" in the near-term, prompting him to upgrade Yelp to Neutral from Sell. Aftahi raised his price target on Yelp to $35 from $21, though he still thinks the company will need to continue to increase its sales force productivity and retargeting efforts to keep its customers.
News For YELP;GRUB 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.
