Yelp (NYSE:YELP) stock price target bumped up to $48 as recorded today by RBC Capital

August 14, 2016

Finance News

In a report released on 8/10/2016 RBC Capital increased the target price of Yelp (NYSE:YELP) by 0.47% from $36 to $48

Previously on 8/10/2016, Mizuho Securities released a statement on Yelp(NYSE:YELP) of “Neutral;Buy” with a target price of $40. At the time, this indicated a possible upside of 0.23%.

Yesterday Yelp (NYSE:YELP) traded 3.80% higher at $32.64. The company’s 50-day average is $30.80 and its two hundred day moving average is $24.23. With the last close up 58.81% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased 0.00% over the same time. Trade volume was was up over the average, with 5,317,834 shares of YELP changing hands over the typical 2,368,840 shares..

Recent Performance Graph:

Yelp (NYSE:YELP)

With a market cap of $3.0B, Yelp has a price-earnings of 0 with a 52 week low of $14.53 and a 52 week high of $38.61.

In addition to RBC Capital reporting it’s price target, a total of 28 analysts have reported on Yelp. The consensus target stock price is $27.43 with two analysts rating the company a strong buy, 10 analysts rating the company a buy, 22 analyts rating the stock a hold, four brokerages rating the company to underperform, and finally zero brokeragesrating the stock as sell.

More About Yelp (NYSE:YELP)

Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature. Its platform also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. The Company has Yelp communities in Argentina, Australia, Austria, Belgium, Brazil, Canada, Switzerland, Taiwan, Turkey, and the United Kingdom and the United States.

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