Yelp upgraded to Outperform from Market Perform at JMP Securities JMP Securities upgraded Yelp based on ramping international monetization, market shares gains in local ad markets, and margin expansion. Price target is $113.
Yelp pullback a buying opportunity, says Wunderlich Wunderlich recommends using the pullback in shares of Yelp as a buying opportunity. The firm says its checks with Yelp advertisers has reinforced the value of the ads. It thinks acquisition rumors could resurface with Yelp now trading at a "more affordable price." Wunderlich reiterates a Buy rating on the stock with a $105 price target.