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Fly News Breaks for February 14, 2019
YELP
Feb 14, 2019 | 09:16 EDT
DA Davidson analyst Tom Forte raised his price target on Yelp to $48 and kept his Buy rating after its "strong quarter and stronger long-term target plan", which he anticipates to drive "material top- and bottom-line growth." The analyst adds that the introduction of 3 new independent Board members should help Yelp to achieve its long-term financial targets as the company looks to execute on its plan to drive margin expansion and focus more on advertisers. Forte further cites Yelp's expanded stock buyback.
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.
