Yelp (YELP) PT Raised to $53 at RBC Capital
RBC Capital raised its price target on Yelp (NYSE: YELP) to $53.00 (from $52.00) while maintaining an Outperform rating.
Analsyt Mark Mahaney noted PAAs (Paying Advertising Accounts) increased by a record 17K and Traffic trends were neutral to positive. He said the non-term ad shift seems to be working.