Some Vetr Members Believe That Yelp Shares Could Hit $40 By Next Year

The value of Yelp Inc. YELP shares have risen 38.2 percent percent over the past 3 months, however the Vetr community downgraded the company from 4.5 to 4 stars on Monday.

A great first quarter earnings report in early May shot Yelp shares up from $21.42 to $26.50, and the stock has since steadily risen to its current value around $30 as we near the social media company’s second quarter earnings report in early August.

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Some Vetr members believe that Yelp could trade all the way up to $40 at the start of 2017, however the whole community’s price target is $32.90. This price target is slightly higher than the $30.04 price target from professional analysts.

Vetr has given Yelp an overall “Buy” rating.

See Vetr’s full analysis on Yelp here.