Top25-SA-Banner

Analyst Explains Why They Downgraded Their Rating on Yelp Inc (YELP)


Yelp Inc (YELP) received a Hold rating and a $35 price target from SunTrust Robinson analyst Matthew Thornton today. The company’s shares opened today at $29.59, close to its 52-week low of $29.33.

Thornton observed:

“We’re lowering our numbers to 10% revenue growth/250bps EBITDA margin expansion, per the company’s new guidance framework, and our price target to $35 (10x 2019 FCF, vs 24% EBITDA growth). .”

According to TipRanks.com, Thornton is a 3-star analyst with an average return of 3.3% and a 37.0% success rate. Thornton covers the Technology sector, focusing on stocks such as Activision Blizzard, Rubicon Project, and Criteo SA.

Currently, the analyst consensus on Yelp Inc is a Hold with an average price target of $35.92, a 21.4% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $52.50 and a one-year low of $29.33. Currently, Yelp Inc has an average volume of 2.23M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.