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Fly News Breaks for February 9, 2016
YELP
Feb 9, 2016 | 07:58 EDT
After Yelp reported in-line Q4 results, RBC thinks that the company's local ad revenue growth clearly appears to be stabilizing. The firm continues to be upbeat on the company;'s outlook and views its valuation as "highly attractive." It cut its price target on the name to $33 from $42 but keeps an Outperform rating.
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.
