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Stock Market & Financial Investment News

News Breaks
April 16, 2014
11:54 EDTYELPYelp advances after Citi upgrades stock
Shares of Yelp (YELP) are climbing after Citigroup upgraded the stock to Buy from Hold in a note to investors earlier today. Yelp's website provides user reviews of local businesses. WHAT'S NEW: The recent decline in Yelp's stock creates a buying opportunity, wrote Citi analyst Mark May. Additionally, the company can significantly expand its market share, enabling its revenue to increase at a compound annual growth rate of 32% over the next five years, May believes. Meanwhile, Yelp's earnings per share, excluding certain items, should grow at a compound annual growth rate of 56%, added the analyst. He has a $76 price target on the shares. WHAT'S NOTABLE: In a note to investors on April 14, research firm Pacific Crest reported that more consumers were utilizing Yelps reviews of businesses other than restaurants. Non-restaurant businesses are the primary source of growth for Yelp, added the firm, which kept a $115 price target and Outperform rating on the stock. PRICE ACTION: In late morning trading, Yelp rose $1.07, or 2%, to $64.
News For YELP From The Last 14 Days
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August 30, 2015
21:03 EDTYELPGoogle adds home service professionals to search results, WSJ says
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August 27, 2015
10:00 EDTYELPOn The Fly: Analyst Upgrade Summary
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06:08 EDTYELPYelp upgraded to Neutral from Sell at B. Riley
As previously reported, B. Riley upgraded Yelp to Neutral from Sell and a $22 price target on shares. The firm upgraded shares due to valuation and reasonable guidance.
05:19 EDTYELPYelp upgraded to Neutral from Sell at B. Riley
August 25, 2015
09:13 EDTYELPTrends still positive for Google, Amazon, Facebook ahead of holidays, says Baird
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August 19, 2015
06:21 EDTYELPU.S. government to recognize Yelp ratings on federal agencies, WSJ reports
Under an agreement with Yelp, the U.S. government will recognize the public's ratings on its federal agencies, the Wall Street Journal reports. Reference Link
August 17, 2015
13:11 EDTYELPAlibaba unlikely to make competing offer for zulily, say Baird
zulily (ZU) shareholder Alibaba (BABA) is unlikely to make a competing takeover bid for the online retailer, Baird analyst Colin Sebastian tells investors in a research note. Alibaba, which upped its stake in zulily to 9% in May, likely views the company as an investment rather than a vehicle to enter the U.S. market, Sebastian argues. This morning, Liberty Interactive (QVCA) announced it had reached an agreement to acquire zulily for $18.75 per share or $2.4B. The analyst sees strategic benefits from the deal. Increased takeover activity in the small-cap internet space could support the valuations of the remaining independents, including ChannelAdvisor (ECOM), Yelp (YELP), Groupon (GRPN), Angie's List (ANGI) and RetailMeNot (SALE), Sebastian writes. Shares of zulily are soaring 47% to $18.50 following the takeover agreement.

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