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Wunderlich Previews Twitter, Yelp & LinkedIn

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Wunderlich Securities published a note Monday morning covering Twitter (NYSE: TWTR), Yelp (NYSE: YELP) and LinkedIn (NYSE: LNKD).

On Twitter:

  • Expecting monthly active users (MAUs) to be in the range of 206-262M, below the consensus estimate of 267M.
  • Revenue growth should come in better-than-expected as Wunderlich sees Twitter reporting higher levels of monetization and engagement.  Ad revenue per 1,000 timeline views should come in around $3.63 in the US and $0.64 internationally.

On Yelp:

  • Expecting results in-line or above estimates.
  • Yelp is one of the best positioned companies to take market share of local advertiser spending.
  • "We expect Yelp to report 82k active advertising customers in Q2, up from 74k in Q1 and local advertising revenue of $73.9 million, up 65% Y/Y".  

On LinkedIn:

  • The company decision to post un-paid job listings should ultimately boost the value of the platform and increase the user base.
  • The acquisition of Bizo will offer better B2B ad targeting.
  • Segments should show growth: Talent Solutions growth of 48 percent YoY in Q2, Market increasing 33 percent YoY, and Premium subscriptions increasing 40 percent YoY.

Latest Ratings for YELP

DateFirmActionFromTo
Jul 2016CitigroupDowngradesBuyNeutral
Jul 2016Wells FargoDowngradesMarket PerformUnderperform
Jul 2016WedbushInitiates Coverage onNeutral

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