Yelp Price Target Raised to $89.00 at JPMorgan Chase & Co. (YELP)
Analysts at JPMorgan Chase & Co. hoisted their target price on shares of Yelp (NASDAQ:YELP) to $89.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 22.49% from the stock’s previous close.
A number of other firms have also recently commented on YELP. Analysts at Telsey Advisory Group raised their price target on shares of Yelp from $62.00 to $95.00 in a research note to investors on Monday. They now have a “not rated” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Yelp from $71.00 to $82.00 in a research note to investors on Thursday, January 2nd. They now have a “buy” rating on the stock. Finally, analysts at Feltl & Co. initiated coverage on shares of Yelp in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $77.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.39.
In other Yelp news, CEO Jeremy Stoppelman sold 14,705 shares of Yelp stock on the open market in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $64.83, for a total value of $953,325.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Yelp (NASDAQ:YELP) traded up 7.94% during mid-day trading on Wednesday, hitting $78.43. 2,701,024 shares of the company’s stock traded hands. Yelp has a 52 week low of $19.45 and a 52 week high of $75.37. The stock has a 50-day moving average of $64.81 and a 200-day moving average of $58.10. The company’s market cap is $5.184 billion.
Yelp (NASDAQ:YELP) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $61.20 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.1% on a year-over-year basis. Analysts expect that Yelp will post $-0.14 EPS for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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