Analyst Rating Update on Yelp (YELP)

Yelp (YELP) : 26 analysts are covering Yelp (YELP) and their average rating on the stock is 2.73, which is read as a Hold. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Yelp (YELP) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Yelp (YELP) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $41 and the lowest price target forecast is $17. The average forecast of all the analysts is $27.66 and the expected standard deviation is $7.55.

Company shares have received an average consensus rating of Hold for the current week


Yelp (NYSE:YELP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.35 and $31.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.68, notching a gain of 0.70% for the day. The total traded volume was 1,372,129 . The stock had closed at $31.46 on the previous day.

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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