Wunderlich Securities Sees Q3 'Beat' for Yelp (YELP)
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Rating Summary:
18 Buy, 23 Hold, 4 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Wunderlich Securities analyst Blake Harper reiterated a Buy rating and $105 price target on Yelp (NYSE: YELP) into Q3 results after market close on Wednesday, October 22nd as they expect the company to beat our estimates and the consensus.
Harper comments, "YELP is executing at a high level and is one of the best positioned companies to take market share of local advertising spend and that should only expand as its partnership with YP's larger customer base and sales force materializes. We expect the company to accelerate its profitability ramp after posting its first ever GAAP profit last quarter, which should be helped by the productivity of its tele sales force. We reiterate our Buy rating and $105 price target, which is 10x EV/S on a 47% 3-year revenue CAGR."
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 $67.09 yesterday.
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