Android app on Google Play

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

June 13, 2014 10:25 AM EDT Send to a Friend
Get Alerts YELP Hot Sheet
Price: $79.07 -0.1%

Rating Summary:
    23 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 0
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.





You May Also Be Interested In


Related Categories

Analyst Comments

Related Entities

Needham & Company, Definitive Agreement

Add Your Comment