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Fly News Breaks for April 30, 2015
YELP
Apr 30, 2015 | 06:14 EDT
Piper Jaffray analyst Gene Munster recommends long-term investors use the post-earnings pullback in shares of Yelp as a buying opportunity. Munster expects shares to be range-bound over the next three months but believes the company's core asset is intact, with review growth accelerating from 35% in March 2014 to 41% in March 2015. He keeps an Overweight rating on Yelp with a $70 price target. RBC Capital this morning downgraded Yelp to Sector Perform.
News For YELP 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.
