Yelp (YELP): There are Better Opportunities - Piper Jaffray

Piper Jaffray analyst, Sam Kemp, reiterated his Neutral rating on shares of Yelp (NYSE: YELP) and believes there are better near-term risk/reward profiles available to investors in the local and SMB internet space as visibility on Yelp's growth stability remains low, guidance and Street expectations do not appear conservative and, with a new CFO, there is a low probability of management raising guidance for 2H'16. The analyst sees multiple headwinds to Yelp as the internet becomes increasingly verticalized, mobile adoption is unimpressive relative to comps, direct-to-site traffic remains low, and large competitors are aggressively shifting in local.

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 $29.46 yesterday.

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