Is Yelp Stock a Buy?
Shares of Yelp (NYSE: YELP) are down 36% this year, versus the S&P 500's 10% decrease. The company has been hurt by a worse-than-expected fourth-quarter earnings report, worries about advertising revenue, and slower consumer spending. However, the stock has seen an uptick lately, helped by news of stores and restaurants reopening shortly.
As some states in the U.S. tentatively begin to reopen businesses, could it be a good time to consider buying Yelp in anticipation of spending and advertising levels improving in the second half of 2020?
Image source: Yelp.com.
Source Fool.com
