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Fly News Breaks for April 30, 2015
YELP
Apr 30, 2015 | 08:31 EDT
After Yelp reported lower than expected Q1 revenue and provided lower than expected Q2 revenue guidance, Oppenheimer thinks the company is poised to capitalize on its first mover advantage in U.S. online local. The firm is encouraged by the company's ability to leverage its sales force. It cut its price target on the name to $60 from $76 but keeps an Outperform rating on the shares.
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.
