Analyst Ratings for Yelp (YELP)

Overall Rating: NEUTRAL Rating Trend:

Avg. $ Target: $26.36 (-10.5%)

Date	Firm	Type	Rating (Past)	PT (Past)	Start $	End $	% Chg.	Details
5/16/2013	Cowen	New Coverage	Outperform (N/A)	N/A (N/A)	30.01	29.46	-1.83%	Details
5/3/2013	First Analysis	Downgrade	Equal Weight (Overweight)	N/A (N/A)	32.22	29.46	-8.57%	Details
5/2/2013	Northland Securities	Upgrade	Market Perform (Underperform)	27.00 (N/A)	25.30	29.46	16.44%	Details
4/2/2013	UBS	New Coverage	Buy (N/A)	30.00 (N/A)	22.89	29.46	28.7%	Details
3/22/2013	RBC Capital	New Coverage	Sector Perform (N/A)	26.00 (N/A)	24.00	29.46	22.75%	Details
3/19/2013	JMP Securities	New Coverage	Market Perform (N/A)	N/A (N/A)	24.50	29.46	20.24%	Details
2/27/2013	Wunderlich Securities » Updated 3/11/2013	New Coverage	Hold (N/A)	22.00 (N/A)	21.29	29.46	38.37%	Details
12/17/2012	Morgan Stanley	New Coverage	Equalweight (N/A)	22.00 (N/A)	19.46	29.46	51.39%	Details
12/12/2012	Credit Suisse	New Coverage	Outperform (N/A)	25.00 (N/A)	19.30	29.46	52.64%	Details
12/12/2012	JPMorgan	New Coverage	Neutral (N/A)	19.00 (N/A)	19.30	29.46	52.64%	Details
11/27/2012	Cantor Fitzgerald » Updated 2/7/2013	Upgrade	Buy (Hold)	27.00 (24.00)	18.99	29.46	55.13%	Details
10/12/2012	Macquarie	New Coverage	Neutral (N/A)	30.00 (N/A)	25.73	29.46	14.5%	Details
10/1/2012	Barclays	New Coverage	Equalweight (N/A)	24.00 (N/A)	27.05	29.46	8.91%	Details
5/18/2012	Raymond James	New Coverage	Market Perform (N/A)	N/A (N/A)	21.27	29.46	38.5%	Details
4/11/2012	Citi	New Coverage	Neutral (N/A)	28.00 (N/A)	25.81	29.46	14.14%	Details

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