On Nov 09, major Wall Street analysts update their ratings for $Yelp Inc (YELP.US)$, with price targets ranging from $34 to $44.
Morgan Stanley analyst Matthew Cost initiates coverage with a sell rating, and sets the target price at $34.
Goldman Sachs analyst Eric Sheridan maintains with a hold rating, and adjusts the target price from $38 to $40.
Baird analyst Colin Sebastian maintains with a hold rating, and adjusts the target price from $39 to $37.
KeyBanc analyst Justin Patterson maintains with a hold rating.
Craig-Hallum analyst Jason Kreyer maintains with a buy rating, and sets the target price at $44.
Furthermore, according to the comprehensive report, the opinions of $Yelp Inc (YELP.US)$'s main analysts recently are as follows:
Yelp delivered a robust set of results, with revenue growth primarily driven by the Services sector, which helped to mitigate the ongoing softness from the Restaurants, Retail & Other category linked to macroeconomic challenges. The company also demonstrated sustained operating leverage, with third-quarter EBITDA margins surpassing expectations due to persistent cost management efforts.
Management continues to perform effectively as Yelp consolidates its position in the home services advertising market. This progress is a result of a sustained emphasis on technology and product development over multiple years, which has been somewhat overshadowed by challenges in the restaurant and retail sectors.
Here are the latest investment ratings and price targets for $Yelp Inc (YELP.US)$ from 5 analysts:
Note:
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