Goldman Sachs Starts Yelp (YELP) at Neutral, Says Valuation is Full
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Price: $24.70 +1.27%
Rating Summary:
17 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs initiates coverage on recent IPO Yelp (NYSE: YELP) with a Neutral rating and $26 price target.
The firm notes while the company continues to see strong usage growth across its site and mobile app, monetizing is still in the early stages. While the company is positioned to capture the significant shift of local advertising dollars online, the growth potential is already reflected in the stock's premium valuation.
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 $25.81 yesterday.
The firm notes while the company continues to see strong usage growth across its site and mobile app, monetizing is still in the early stages. While the company is positioned to capture the significant shift of local advertising dollars online, the growth potential is already reflected in the stock's premium valuation.
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 $25.81 yesterday.
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