Yelp Announces Third Quarter 2016 Financial Results
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Baird Raises Price Target on Yelp (YELP) to $40 Following 3Q
November 3, 2016 6:44 AM EDTBaird reiterated a Neutral rating on Yelp (NYSE: YELP), and raised the price target to $40.00 (from $35.00), following the company's 3Q earnings report. YELP reported revenue of $186.2M, exceeding guidance of $180-184M driven primarily by local ad revenue outperformance, and accelerating ad... More
Yelp (YELP) PT Raised to $43 at Needham & Company Following Strong Q3
November 2, 2016 3:43 PM EDTNeedham & Company analyst Kerry Rice raised estimates and his price target on Buy-rated Yelp (NYSE: YELP) to $43.00 (from $42.00) following strong Q3 results. Meanwhile, the analyst sees several levers to sustained momentum into 2017.
Rice commented, "Yelp posted 3Q16 upside driven by accelerating Local Advertising... More
Yelp (YELP) PT Raised to $55 at RBC Capital on Robust Local Advertising
November 2, 2016 12:16 PM EDTRBC Capital analyst Mark Mahaney reiterated an Outperform rating and raised his price target on Yelp (NYSE: YELP) to $55.00 (from $48.00) after the company posted another beat and raise quarter, with the Local Advertising segment sustaining a very robust 41% Y/Y growth.
Mahaney highlighted:
1) Local Ad Revenue Growth 3rd... More
Yelp (YELP) Tops Q3 EPS Views; Guides FY16 Revenue Above Expectations
November 2, 2016 7:32 AM EDTYelp (NYSE: YELP) reported Q3 adjusted EPS of $0.22, $0.25 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $186.2 million versus the consensus estimate of $183 million.
Business Highlights
Local revenue: Local revenue increased 41% year over year to $163.6 million driven by strong productivity... More