Coming out of the Twittersphere Monday morning: Jim Cramer responds to a trader who wanted his opinion on a JMP upgrade of Yelp YELP from Market Perform to Market Outperform with $113 price target.
Market News and Data brought to you by Benzinga APIsHi multiple stock I like very much RT @curfewboy: @jimcramer I see an upgrade on $YELP do you agree with it?
— Jim Cramer (@jimcramer) March 24, 2014
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.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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