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Fly News Breaks for August 10, 2016
YELP
Aug 10, 2016 | 09:34 EDT
Needham analyst Kerry Rice raised his price target for Yelp to $42 from $34 after the company posted "solid" Q2 results with revenue and adjusted EBITDA above consensus. The analyst says many factors contributed to the quarter upside including upsell activity, product innovation and marketing efforts, as well as more focus on client follow-up. He expects most of these to sustain momentum in the second half of 2016. Rice reiterates a Buy 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.
