- Shares of Yelp Inc YELP fell almost 50 percent over 2015.
- Most of the stock's value was lost over the past six months.
- In a depressed valuations environment, the Vetr crowd has decided to upgrade the stock's rating from 1.5 stars to two stars.
Fifty-five percent of the crowd's ratings are bullish. It should be noted that the site's formula considers several factors on top of Buy, Hold or Sell ratings to award stars.
Related Link: Vetr Crowd Even More Bullish On SolarCity
The Vetr crowd’s Sell rating is accompanied by a $24.93 target price for the stock, which implies a downside potential of almost 10 percent from current prices. Wall Street is considerably more bullish, and sports an average price target of $39.97, according to Vetr's calculations.
Yelp Reviews
In a report issued Tuesday, Roth Capital Partners analyst Darren Aftahi reiterated a Sell rating and $17.50 price target on Yelp, arguing that Facebook Professional Services further supports the firm's Sell thesis on Yelp.
A few days earlier, Macquarie analysts Tom White and Mack Hueber issued an Outperform rating and $33 price target on the stock. However, they would rather buy Groupon Inc GRPN's stock in account of its risk/reward profile.
About a month ago, RBC Capital's Mark S. Mahaney upgraded the rating on the company from Sector Perform to Outperform, while raising the price target from $34 to $42.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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