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.
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