Yelp Inc (YELP) Gets a Buy Rating from Aegis Capital
In a report released yesterday, Victor Anthony from Aegis Capital maintained a Buy rating on Yelp Inc (YELP), with a price target of $45.00. The company’s shares closed last Monday at $34.86.
According to TipRanks.com, Anthony is a 5-star analyst with an average return of 14.1% and a 63.3% success rate. Anthony covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and The Meet Group Inc.
Currently, the analyst consensus on Yelp Inc is a Hold with an average price target of $39.75.
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Based on Yelp Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $12.3 million. In comparison, last year the company had a net profit of $14.99 million.
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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.