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Fly News Breaks for April 17, 2019
YELP
Apr 17, 2019 | 16:12 EDT
BMO Capital analyst Daniel Salmon initiated Yelp with an Outperform rating and a price target of $45. The analyst says the recent "investor skepticism around changes to Yelp's advertising business and the pull-back in shares provides an attractive entry point." Salmon contends that even though he does not expect the company to reach its FY23 targets, he sees revenue growth accelerating in 2019-2020 and supporting multiple expansion for the stock. The analyst adds that the risk-reward at current levels is skewed positively for Yelp shares.
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.
