Can Yelp Stock Keep Going After Last Week's 21% Pop?
Like a rumbling belly that gets fed every three months, shares of Yelp (NYSE: YELP) get moving during earnings season. The provider of crowd-sourced reviews for local venues soared 21.3% last week, fueled by a strong report and a win-win deal with GrubHub (NYSE: GRUB). Several analysts would go on to boost their price targets on Yelp following the encouraging news.
Revenue climbed 20% to hit $208.9 million, the first time that quarterly results have topped $200 million. Earnings clocked in at $0.09 a share on a reported basis and $0.25 on an adjusted basis. Analysts were holding out for a small deficit on roughly $205 million in revenue. Yelp's earlier guidance was calling for just $202 million to $206 million on the top line.
Image source: Yelp.
Source: Fool.com
Yelp Inc. A Stock
With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 44 € there is a positive potential of 31.74% for Yelp Inc. A compared to the current price of 33.4 €.
