Yelp (YELP) Posts Surprise Q1 Profit; Offers Q2 Revenue Outlook
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Yelp (YELP) PT Raised to $36 at RBC Capital
May 6, 2016 7:41 AM EDTRBC Capital analyst Mark Mahaney raised his price target on Outperform-rated Yelp (NYSE: YELP) to $36.00 (from $33.00) following Beat & Raise Q1 EPS results.
Keys to the quarter:
1) Local Ad Revenue Growth Acceleration To 40% To $138MM (87% of total revenue), with an arguably implied outlook for a... More
Yelp (YELP): Good Quarter and Guide, Need More To Upgrade - Susquehanna
May 6, 2016 7:29 AM EDTSusquehanna analyst, Shyam Patil, noted the good quarter and guide from Yelp (NYSE: YELP), but hed need to see more consistent execution for an upgrade from Neutral.
Q1 revenue was 2% above consensus, driven by higher local advertising, whilet transaction revenue came in lower... More
Yelp (YELP) PT Raised to $28 at Needham & Company
May 6, 2016 7:22 AM EDTNeedham & Company analyst Kerry Rice reiterated a Buy rating and bumped his price target on Yelp (NYSE: YELP) to $28.00 (from $25.00) following solid Q1 results and guidance driven by local ad re-acceleration.
Rice commented, "Yelp reported 1Q16 revenue and EBITDA upside and raised its FY16... More
Mizuho Securities Raises Price Target on Yelp (YELP) to $24; Reiterates Neutral
May 6, 2016 7:15 AM EDTMizuho Securities reiterated a Neutral rating on Yelp (NYSE: YELP), and raised the price target to $24.00 (from $20.00), following the company's 1Q earnings report. Yelp generated $159m in revenue, above Street estimate of $156m. Yelp raised its revenue guide midpoint from $693m to $696m, above... More
Yelp, (YELP) Accelerating Local Growth; PT to $28 - Jefferies
May 6, 2016 6:22 AM EDTJefferies analyst, Brian Pitz, raised his PT on Yelp (NYSE: YELP) by nearly 50% to $28 from $20 after Yelp reported a solid qtr driven by Local where revenue growth accelerated on better-than-expected ad budget fulfillment and above avg salesperson productivity. Guidance for 2Q16 came in above... More
Yelp surges on Einhorn stake but some on social media are skeptical
May 3, 2016 12:50 PM EDTBy Amy Tennery and Saqib Iqbal Ahmed
NEW YORK (Reuters) - Shares of Yelp Inc shot to a three-month high on Tuesday morning after hedge fund manager David Einhorn unveiled a new stake, but seesawing social media sentiment among active traders signaled skepticism about the business review site's longer-term prospects and Einhorn's prowess as a stock picker.
In active mid-day trading, Yelp shares were up 3.3 percent at $22.25.
Einhorn, the head of Greenlight Capital, said his firm made new investments in Yelp, according to the fund's first-quarter letter to investors, which was seen by Reuters.
... More