Yelp initiated with a Market Perform at Wells Fargo Wells Fargo initiated Yelp with a Market Perform rating saying the stock's valuation looks full at current levels. The firm has an $84-$86 price target range for shares.
Yelp rises on unconfirmed takeover speculation The shares were last at $28.60, up over 3.7% on the session. At that price next resistance is at $28.83 and then at $29.26. The stock is in a shallow rounding bottom pattern, which is bullish for price and has begun to fill the bearish gap down from July of this year. Support is at $27.70.