Yelp Price Target Raised to $89.00 at Northland Securities (YELP)
Northland Securities hoisted their target price on shares of Yelp (NASDAQ:YELP) from $80.00 to $89.00 in a research note issued on Monday, Stock Ratings Network.com reports. Northland Securities’ price objective would indicate a potential upside of 17.18% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Yelp to $90.00 in a research note to investors on Tuesday, January 14th. Separately, analysts at FBN Securities initiated coverage on shares of Yelp in a research note to investors on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Yelp to $89.00 in a research note to investors on Wednesday, January 8th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Yelp has an average rating of “Buy” and an average price target of $73.93.
In other Yelp news, CFO Robert Krolik sold 17,500 shares of the stock on the open market in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $83.51, for a total transaction of $1,461,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Yelp (NASDAQ:YELP) opened at 75.95 on Monday. Yelp has a 52 week low of $20.10 and a 52 week high of $83.96. The stock’s 50-day moving average is $73.05 and its 200-day moving average is $63.05. The company’s market cap is $5.020 billion.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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