Yelp Upgraded To Strong Buy By Vetr Top Raters
While some social media stocks have fallen on tough times, one seems to be enjoying a nice mid-year comeback.
Yelp Inc. (NYSE: YELP) shares are up more than 50% in the last three months, as investors seem to have sided with David Einhorn after the hedge fund manager disclosed a new stake in early May.
On Wednesday, the Vetr community upgraded their rating of Yelp to 4.5 stars. The Vetr crowd has a bullish price target of $33.32 compared with Wall Street's $29.83 estimate.>
Since the crowd's downgrade to 4 stars five days ago, the stock is up nearly 3 percent. Currently less than 2 percent of Vetr users are holding Yelp in their watchlists.
Yelp also remains Cantor Fitzgerald's top mid-cap internet play. In the last two weeks both Deutsche Bank and MKM Partners have upgraded Yelp to a buy.
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