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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
Jun 2015Topeka CapitalInitiates Coverage onBuy
May 2015Piper JaffrayDowngradesOverweightNeutral
May 2015Deutsche BankMaintainsBuy

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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