Yelp (YELP) PT Raised to $44 at RBC Capital

RBC Capital analyst Mark Mahaney raised the price target on Yelp (NYSE: YELP) to $44.00 (from $42.00) while maintaining a Outperform rating.

The analyst commented, "elp posted a mixed & bracket Q2 as Revenue came in line with RBC/Street and EBITDA above RBC/Street estimates. Yelp’s Q3 guide bracketed the Street and the company reiterated its FY19 guide. Ad Revenue came in above RBC/Street, PAAs in line with RBC and below the Street, and Paying Advertising Locations accelerated. Lanny Baker (CFO) is leaving Yelp."

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