Yelp (NYSE:YELP) target price upped to $44 as announced today by Axiom Capital

August 13, 2016

Finance News

In a report issued Wednesday August 10 2016 Axiom Capital raised the target price of Yelp (NYSE:YELP) by 0.35% from $0 to $44

On 8/10/2016, BofA Merrill reported about Yelp(NYSE:YELP) suggesting “Underperform;Neutral” that indicated a possible downside of -1.00%.

Yesterday Yelp (NYSE:YELP) traded 3.80% higher at $32.64. YELP’s 50-day average is $30.80 and its two hundred day moving average is $24.23. With the last stock price up 58.81% from the 200-day moving average, compared to the S&P 500 which has decreased 0.00% over the same time. 5,317,834 shares of Yelp traded hands, up from an average volume of 2,368,840.

Performance Graphic:

Yelp (NYSE:YELP)

With a total market value of $3.0B, Yelp has a P/E of 0 with a one-year low of $14.53 and a 52 week high of $38.61.

Also covering Yelp’s target price, a total of 28 brokers have reported on the stock. The consensus target is $27.43 with two firms rating the company a strong buy, 10 firms rating the company a buy, 22 firms rating the stock a hold, four analysts rating the company to underperform, and lastly zero brokeragesrating the stock as sell.

General Information 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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