Yelp Price Target Increased to $88.00 by Analysts at RBC Capital (YELP)
Equities research analysts at RBC Capital boosted their price target on shares of Yelp (NASDAQ:YELP) to $88.00 in a research note issued to investors on Thursday, AnalystRatings.Net reports. RBC Capital’s price objective would indicate a potential upside of 17.29% from the stock’s previous close.
YELP has been the subject of a number of other recent research reports. Analysts at Needham & Company raised their price target on shares of Yelp to $93.00 in a research note to investors on Thursday. Separately, analysts at Raymond James upgraded shares of Yelp from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Yelp from $89.00 to $94.00 in a research note to investors on Thursday. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Yelp currently has a consensus rating of “Buy” and a consensus price target of $76.22.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results 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.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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