Yelp (YELP) : Analyst Rating Update

Yelp (YELP) : 6 brokerage houses believe that Yelp (YELP) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 15 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Yelp (YELP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 26 Wall Street Analysts endorse the stock as a Hold with a rating of 2.65.

Yelp (YELP) : The consensus price target for Yelp (YELP) is $26.56 for the short term with a standard deviation of $7.25. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $15.

Yelp (NYSE:YELP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.17 and $28.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.50, notching a gain of 0.07% for the day. The total traded volume was 2,366,053 . The stock had closed at $29.48 on the previous day.

Also, Equity Analysts at the MKM Partners upgrades the rating on Yelp (NYSE:YELP). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 30, 2016. The company shares have dropped -16.72% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $36.25 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.08 and the 200 Day Moving Average price is recorded at $22.89.

Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.

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