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. 16 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 Buy with a rank of 2. 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 27 Wall Street Analysts endorse the stock as a Hold with a rating of 2.67.
Yelp (YELP) : 19 Wall Street analysts covering Yelp (YELP) believe that the average level the stock could reach for the short term is $27.58. The maximum price target given is $41 and the minimum target for short term is around $15, hence the standard deviation is calculated at $7.68.
Company shares have received an average consensus rating of Hold for the current week
Yelp (NYSE:YELP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.05 and $29.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.38, notching a gain of 1.88% for the day. The total traded volume was 2,214,408 . The stock had closed at $29.82 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.