Information Provided By:
Fly News Breaks for March 20, 2017
Mar 20, 2017 | 07:30 EDT
Credit Suisse analyst Paul Bieber notes that Yelp shares are down 18% since reporting Q4 results primarily due to soft Q4 advertiser additions and a disappointing 2017 EBITDA outlook. The analyst views the selloff as overdone given his view that salesforce productivity likely returned to normal in Q1 and the 2017 EBITDA outlook is likely conservative. Further, he believes Yelp is positioned for beat and raise results in 2017. Bieber reiterates an Outperform rating and $49 price target on the shares.
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.