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Fly News Breaks for June 4, 2018
YELP
Jun 4, 2018 | 07:24 EDT
Yelp shares are flat year-to-date and are down 10% since reporting Q1 results due to a "less-positive and even negative take" by some investors on the company's decision to transition from annual contracts to non-term contracts for new advertisers, Citi analyst Mark May tells investors in a research note. The analyst, however, believes the net benefit will be positive, saying it will remove friction for certain types of advertisers and improve sales force productivity. May reiterates a Buy rating on Yelp following the recent share weakness.
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.
