Seeking Alpha

Yelp rallies following Jefferies PT hike

  • Jefferies has raised its Yelp (YELP +3.5%) PT to $80 from $50. The firm asserts Yelp's "breadth, depth and penetration of content is very hard to replicate," and remains the company's "core competitive advantage."
  • Concerns about intensified competition from Facebook and Google has pressured Yelp's shares more than once. But as the company's Q3 metrics demonstrate - cumulative reviews, monthly visitors, and active local business accounts respectively rose 42%, 41%, and 61% Y/Y - it hasn't done much damage yet to Yelp's local reviews dominance.
  • Like many other Internet names, Yelp has sold off a bit from its October highs. But shares remain up 246% YTD.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs