Yelp (YELP) Gets a Hold Rating from Needham


Needham analyst Brad Erickson assigned a Hold rating to Yelp (YELP) today. The company’s shares closed last Friday at $22.81.

According to TipRanks.com, Erickson is a 2-star analyst with an average return of -0.4% and a 41.9% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.

Currently, the analyst consensus on Yelp is a Hold with an average price target of $25.33, representing a 16.2% upside. In a report issued on April 23, RBC Capital also maintained a Hold rating on the stock with a $22.00 price target.

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The company has a one-year high of $40.28 and a one-year low of $12.89. Currently, Yelp has an average volume of 1.59M.

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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 firm offers multiple free and paid advertising solutions to engage with consumers, including free online business accounts, search advertising and Yelp Deals. The company was founded by Jeremy Stoppelman and Russell Simmons in July 2004 and is headquartered in San Francisco, CA.

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