Needham & Company Comments on Yelp (YELP) Amid Priceline/OpenTable Deal

June 13, 2014 10:25 AM EDT
Get Alerts YELP Hot Sheet
Price: $41.06 +0.34%

Rating Summary:
    20 Buy, 22 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade YELP Now!
Join SI Premium – FREE

Needham & Company analyst Kerry Rice commented on Yelp (NYSE: YELP) following Priceline’s bid to acquire OpenTable and expects Yelp to trade up on the news.

"We estimate that the $103/share offer price, places OpenTable’s EV/Sales for 2015 at 9x compared to Yelp’s 2015 EV/Sales multiple of 8x," he notes.

The firm maintained a Buy rating and price target of $93 on Yelp.

For an analyst ratings summary and ratings history on Yelp click here. For more ratings news on Yelp click here.

Shares of Yelp closed at $65.84 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Needham & Company, Definitive Agreement

Add Your Comment