Yelp's (YELP +16.9%) Q2 beat and guidance hike is yielding a mixed reaction in some circles, as...

|About: Yelp (YELP)|By:, SA News Editor

Yelp's (YELP +16.9%) Q2 beat and guidance hike is yielding a mixed reaction in some circles, as praise for the company's numbers is tempered by concern over its valuation. Raymond James (Market Perform) points out Yelp is now trading at ~60x estimated 2013 EBITDA, and a giant share lock-up expiration is arriving at month's end. Citi, Goldman, and Oppenheimer are also reiterating neutral stances. (previous) (transcript)