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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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April 17, 2015
08:06 EDTYELPRecent developments positive for Yelp, says Wunderlich
Wunderlich says recent developments on the legal and regulatory fronts as well as enhanced search capabilities should be positive for Yelp's (YELP) outlook. The firm believes the European Commission's charges against Google (GOOG) should help Yelp's traffic overseas. It also views the Supreme Court of Virginia's decision yesterday to protect users' rights to free speech and anonymity online as positive for Yelp's reviewers and community. Further, it points out Yelp introduced a new search tool for restaurant reservations and takeout/delivery food, which it thinks will help the user experience and potential ad targeting. Wunderlich keeps a Buy rating on Yelp with a $90 price target.
April 16, 2015
13:45 EDTYELPVirginia court says Yelp does not need to disclose reviewer identity, WSJ says
Virginia's highest court ruled that Yelp does not need to reveal the identity of reviewers that were accused by a small business owner of posting fraudulent negative reviews about his business, says the Wall Street Journal. Reference Link
April 14, 2015
11:16 EDTYELPCredit Suisse's top Internet picks
Credit Suisse's top large-cap Internet picks remain Amazon.com (AMZN) for operating margin expansion and normalizing International growth, Facebook (FB) for underestimated long-term monitization potential from growing new products, and Google (GOOGL) for a slowdown in capex and narrowing of the mobile-desktop monetization gap. The firm's top small-cap picks are LinkedIn (LNKD) for the ramp of Sales Navigator and acceleration of Marketing Solutions and Yelp (YELP) because of reduced churn and increasing mobile traffic growth and ARPU.
April 9, 2015
15:08 EDTYELPYelp May volatility elevated at 61 into Q4 and outlook
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April 6, 2015
11:30 EDTYELPOptions with increasing implied volatility
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10:23 EDTYELPApple Maps searches no longer showing just Yelp, AppleInsider reports
Searches on Apple (AAPL) Maps, which previously relied solely on Yelp (YELP) to provide reviews for local search, are now pulling results from TripAdvisor (TRIP) and Priceline's (PCLN) Booking.com, AppleInsider reported yesterday. Neither TripAdvisor or Booking.com are listed as sources on Apple's official Maps attribution webpage, but reviews with links to their respective webpages and apps are now appearing in Maps queries, the blog added. Shares of Yelp are down 1% to $46.67 in early trading. Reference Link

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