Wunderlich Speculates on Possible Yahoo! Targets: Sees Yelp as Best Candidate, Also Mentions Zynga, OpenTable, Millennial Media

Wunderilch's Blake Harper is making some waves Monday morning, speculating on several possible takeover targets for Yahoo!

. With CEO Marissa Mayer recently on the prowl, Harper believes Yelp

, Zynga

, OpenTable

and Millennial Media

could all be on the table as buyout candidates. The analyst called a Yahoo! bid for Yelp the most likely scenario amid possible advertising synergies and a strong presence in the mobile segment. Harper also mentioned Tumblr, Foursquare, Hulu, Flipboard and Jumptag as possible targets for Yahoo! and Mayer. The Wunderlich analyst currently has a hold rating on OpenTable and a Hold rating on Yelp. Shares of Yelp are down more than 1 percent Monday afternoon, shares of OpenTable are down 0.3 percent, and Zynga shares are rallying, up nearly 9 percent to around $3.89.