Yelp Inc Receives a Buy from Jefferies

By Austin Angelo

Jefferies analyst Brian Fitzgerald reiterated a Buy rating on Yelp Inc (NYSE: YELP) on June 21 and set a price target of $37. The company’s shares opened today at $29.90.

According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 22.5% and a 78.9% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Endurance International, Alliance Data Systems, and IAC/InterActiveCorp.

Yelp Inc has an analyst consensus of Moderate Buy, with a price target consensus of $34.19.

Yelp Inc’s market cap is currently $2.41B and has a P/E ratio of 428. The company has a book value ratio of 2.8914.

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Yelp, Inc. hosts an online database of user-generated reviews of local businesses. It provides reviews on local businesses, which include restaurants, boutiques and salons, dentists, mechanics and plumbers. The company provides multiple free and paid advertising solutions to engage with consumers, including free online business accounts, search advertising and Yelp Deals. Yelp was founded in September 3, 2004 by Jeremy Stoppelman and Russ Simmons and is headquartered in San Francisco, CA.,007SJT-E