Yelp Price Target Increased to $94.00 by Analysts at Northland Securities (YELP)
Stock analysts at Northland Securities upped their target price on shares of Yelp (NASDAQ:YELP) from $85.00 to $94.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 23.65% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus cut their price target on shares of Yelp from $95.00 to $67.00 in a research note on Monday, May 12th. Separately, analysts at MKM Partners cut their price target on shares of Yelp from $110.00 to $86.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Yelp from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 8th. They now have a $69.00 price target on the stock. Five analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Yelp currently has an average rating of “Buy” and a consensus target price of $88.06.
Yelp (NASDAQ:YELP) traded down 0.17% during mid-day trading on Friday, hitting $75.8873. The stock had a trading volume of 490,916 shares. Yelp has a one year low of $29.26 and a one year high of $101.75. The stock has a 50-day moving average of $62.61 and a 200-day moving average of $73.05. The company’s market cap is $5.438 billion.
Yelp (NASDAQ:YELP) last announced its earnings results on Wednesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $76.40 million for the quarter, compared to the consensus estimate of $75.06 million. On average, analysts predict that Yelp will post $-0.03 earnings per share for the current fiscal year.
In other Yelp news, CEO Jeremy Stoppelman sold 13,514 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $74.08, for a total value of $1,001,117.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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