Cramer Endorses Yelp Following Price Target Bump from JMP
Coming out of the Twittersphere Monday morning: Jim Cramer responds to a trader who wanted his opinion on a JMP upgrade of Yelp (NYSE: YELP) from Market Perform to Market Outperform with $113 price target.
— Jim Cramer (@jimcramer) March 24, 2014
Shares of Yelp are currently trading at a forward price-to-earnings ratio of 223.
Shares of Yelp are responding to the upgrade, up 3.2 percent to $86.11. The stock has been hot year to date, up 25 percent.
Latest Ratings for YELP
|Jun 2016||Deutsche Bank||Upgrades||Hold||Buy|
|Jun 2016||Maxim Group||Initiates Coverage on||Buy|
|Mar 2016||Mizuho Securities||Initiates Coverage on||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.