Yelp PT Raised to $89.00 at Northland Capital Partners (YELP)
Stock analysts at Northland Capital Partners hoisted their price objective on shares of Yelp (NASDAQ:YELP) from $80.00 to $89.00 in a report issued on Monday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ target price suggests a potential upside of 17.18% from the stock’s previous close.
In other Yelp news, CFO Robert Krolik sold 17,500 shares of Yelp stock 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Yelp (NASDAQ:YELP) opened at 75.95 on Monday. Yelp has a 1-year low of $20.10 and a 1-year 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities raised their price target on shares of Yelp from $80.00 to $89.00 in a research note to investors on Monday. Separately, analysts at Wunderlich raised their price target on shares of Yelp to $90.00 in a research note to investors on Tuesday, January 14th. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $73.93.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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