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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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December 19, 2014
11:00 EDTYELPYelp volatility elevated at low end of historic range
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December 18, 2014
08:19 EDTYELPYelp pullback a buying opportunity, says Wunderlich
Wunderlich recommends using the pullback in shares of Yelp as a buying opportunity. The firm says its checks with Yelp advertisers has reinforced the value of the ads. It thinks acquisition rumors could resurface with Yelp now trading at a "more affordable price." Wunderlich reiterates a Buy rating on the stock with a $105 price target.
December 9, 2014
14:44 EDTYELPYelp management to meet with Piper Jaffray
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06:11 EDTYELPYelp implied volatility of 44 at lower end of index mean range
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