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Cramer Endorses Yelp Following Price Target Bump from JMP

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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
Mar 2015AxiomInitiates Coverage onHold
Feb 2015Morgan StanleyInitiates Coverage onOverweight
Feb 2015RosenblattInitiates Coverage onBuy

View More Analyst Ratings for YELP
View the Latest Analyst Ratings

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

 

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