Yelp Price Target Increased to $90.00 by Analysts at Pacific Crest (YELP)
Research analysts at Pacific Crest boosted their target price on shares of Yelp (NASDAQ:YELP) from $75.00 to $90.00 in a report released on Thursday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Pacific Crest’s target price points to a potential upside of 19.95% from the stock’s previous close.
A number of other firms have also recently commented on YELP. Analysts at RBC Capital raised their price target on shares of Yelp to $88.00 in a research note to investors on Thursday. Separately, analysts at Needham & Company raised their price target on shares of Yelp to $93.00 in a research note to investors on Thursday. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $78.22.
Yelp (NASDAQ:YELP) opened at 75.23 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 $4.973 billion. Yelp also was the target of unusually large options trading activity on Wednesday. Stock traders acquired 17,573 call options on the stock. This is an increase of approximately 236% compared to the typical 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 in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 71.4% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.15 earnings per share 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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