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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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February 26, 2015
10:00 EDTYELPOn The Fly: Analyst Initiation Summary
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February 25, 2015
18:24 EDTYELPOn The Fly: After Hours Movers
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16:21 EDTYELPYelp initiated with an Overweight at Morgan Stanley
Target $62.
February 20, 2015
09:49 EDTYELPYelp initiated with a Buy at Rosenblatt
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08:34 EDTYELPYelp suing companies over fake positive reviews, NY Post says
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February 18, 2015
15:15 EDTYELPAngie's List could be more attractive to buyers given traction, says Barrington
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06:06 EDTYELPYelp implied volatility of 44 at lower end of index mean range
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