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Yelp (YELP) volatility elevated into better than expected Q2 results and outlook

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Baird Remains Sidelined on Yelp (YELP) as Local Ad Strength Fuels 2Q Beat

August 10, 2016 7:48 AM EDT

Baird reiterated a Neutral rating on Yelp (NYSE: YELP), and raised the price target to $35.00 (from $25.00), following the company's 2Q earnings report. Revenue of $173.4M exceeded $169.1M estimates, while Local advertising revenue of $151.9M was also above consensus expectations of $147.8M. FY16... More