New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on YELP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 25, 2014
10:30 EDTYELPYelp at high of day, up 2% after GrubHub halted for pending news
August 24, 2014
21:56 EDTYELPB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use