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Fly News Breaks for February 21, 2017
YELP
Feb 21, 2017 | 08:27 EDT
JPMorgan analyst Doug Anmuth says the 16% selloff in shares since Yelp's Q4 results provides a "compelling" buying opportunity. After hosting an investor meeting with management, the analyst reiterates an Overweight rating on the shares with a $48 price target. Local ad growth will recover from a challenging Q4 and near-term investments do not suggest a structural change in Yelp's margin profile, Anmuth tells investors in a research note.
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.
