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Fly News Breaks for May 11, 2018
YELP
May 11, 2018 | 06:44 EDT
JPMorgan analyst Doug Anmuth raised his price target for Yelp to $53 from $51 following last night's Q1 results. Non-term contracts drove record net new paying advertising accounts of 14,000 in the quarter, Anmuth tells investors in a research note. The analyst continues to believe Yelp has a "significant opportunity ahead" in the large and growing local ad market. He keeps an Overweight rating on the shares.