Stifel Nicolaus Increases Yelp Price Target to $95.00 (YELP)
Research analysts at Stifel Nicolaus upped their price objective on shares of Yelp (NASDAQ:YELP) from $85.00 to $95.00 in a report released on Thursday, AR Network reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 26.62% from the stock’s previous close.
Shares of Yelp (NASDAQ:YELP) opened at 83.67 on Thursday. Yelp has a 52-week low of $20.14 and a 52-week high of $83.96. The stock’s 50-day moving average is $74.04 and its 200-day moving average is $63.99. The company’s market cap is $5.531 billion. Yelp also saw unusually large options trading activity on Wednesday. Stock traders purchased 17,573 call options on the company. This is an increase of 236% compared to the average daily volume of 5,224 call options.
Yelp (NASDAQ:YELP) last released its earnings data on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $70.70 million for the quarter, compared to the consensus estimate of $67.22 million. During the same quarter last year, the company posted ($0.08) earnings per share. Yelp’s revenue was up 71.4% compared to the same quarter last year. Analysts expect that Yelp will post $0.17 EPS for the current fiscal year.
A number of other firms have also recently commented on YELP. Analysts at Oppenheimer raised their price target on shares of Yelp from $76.00 to $78.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Yelp from $75.00 to $90.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Yelp from $60.00 to $88.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $78.66.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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