Shares of Yelp Inc YELP spiked up over 2 percent Tuesday as amid positive comments from MKM Partners.
Analyst Rob Sanderson felt that the company represents one of the best long-term growth opportunities in its sector.
Sanderson expected high growth rates for several more years alone with an expanding margin. Investors, in his view, have underestimated the company by expecting decelerating revenue growth.
The analyst note also indicated that markets are monetizing more quickly which will also lead to a longer period of high revenue growth.
Sanderson expected meaningful gains from the stock in the years ahead.
Yelp Inc recently traded at $54.45, up 2.72 percent.
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