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Equities research analysts at Needham & Company boosted their target price on shares of Yelp (NASDAQ:YELP) to $93.00 in a research note issued to investors on Thursday, Analyst Ratings News reports. Needham & Company’s price objective indicates a potential upside of 23.95% from the stock’s previous close.

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 recipient of unusually large options trading on Wednesday. Investors purchased 17,573 call options on the stock. This represents an increase of 236% compared to the typical volume of 5,224 call options.

Yelp (NASDAQ:YELP) last issued its quarterly 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 $-0.15 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Northland Capital Partners raised their price target on shares of Yelp from $80.00 to $89.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $76.22.

Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.

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