Yelp PT Raised to $84.00 (YELP)
Equities research analysts at UBS AG raised their target price on shares of Yelp (NASDAQ:YELP) from $70.00 to $84.00 in a research note issued to investors on Thursday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price indicates a potential upside of 11.96% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Yelp from $85.00 to $95.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $79.30.
Yelp (NASDAQ:YELP) traded up 19.78% on Thursday, hitting $90.11. The stock had a trading volume of 4,840,606 shares. Yelp has a 1-year low of $20.14 and a 1-year 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 $5.956 billion. Yelp also saw some unusual options trading on Wednesday. Stock traders acquired 17,573 call options on the company. This is an increase of 236% compared to the typical daily volume of 5,224 call options.
Yelp (NASDAQ:YELP) last announced its earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 71.4% on a year-over-year basis. Analysts expect that Yelp will post $0.17 EPS 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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