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Cramer Endorses Yelp Following Price Target Bump from JMP

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Benzinga's Top Upgrades
B. Riley Upgrades Yelp Amid Valuation, Expectation For Improvements In Traffic
Yelp's Macroeconomic Outlook Is Strong (Seeking Alpha)

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.

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

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

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View the Latest Analyst Ratings

Posted-In: Jim Cramer JMP SecuritiesAnalyst Color Jim Cramer Analyst Ratings Tech

 

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