Yelp (YELP) Tops Q3 EPS Views; Guides FY16 Revenue Above Expectations
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November 3, 2016 6:44 AM EDT
Baird 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
November 2, 2016 3:43 PM EDT
Needham & 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
November 2, 2016 12:16 PM EDT
RBC 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
