Market Overview

UPDATE: National Alliance Reduces Target to $18.31 on Yelp on Risk/Reward

Share:
Related YELP
Benzinga's Top Upgrades
B. Riley Upgrades Yelp Amid Valuation, Expectation For Improvements In Traffic
Google's Antitrust Case in Europe, Explained (Zacks)

National Alliance reiterated its Market Perform rating on Yelp (NYSE: YELP) and lowered its price target from $24.35 to $18.61.

National Alliance noted, "We view the Company's near term share price risk / reward profile balancing neutral, with expected near term local advertising sales growth offset by a relatively rich valuation (trading 8X TTM revenue), limited mobile platform monetization, dilutive acquisition digestion, brand advertising weakness and competitive threats. We would look more favorably on the Company's risk / reward profile under $17 per share (reduced from $20 per share), where shares could find support at the $15 level (at risk)."

Yelp closed at $17.72 on Friday.

Latest Ratings for YELP

DateFirmActionFromTo
Aug 2015B. RileyUpgradesSellNeutral
Aug 2015MacquarieMaintainsOutperform
Aug 2015SusquehannaInitiates Coverage onNeutral

View More Analyst Ratings for YELP
View the Latest Analyst Ratings

Posted-In: National AllianceAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (YELP)

View Comments and Join the Discussion!

Get Benzinga's Newsletters