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Fly News Breaks for May 18, 2018
YELP
May 18, 2018 | 09:07 EDT
B. Riley FBR analyst Sameet Sinha this morning upgraded Yelp to Buy from Neutral and raised his price target for the shares to $58 from $42. The stock in premarket trading is up 3%, or $1.52, to $46.75. The company's opportunity in Request-a-Quote should drive a multiyear acceleration in revenue, Sinha tells investors in a research note. Further, he believes Yelp's 2018 investments should scale and drive margin expansion.
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.