page contents



Print this Post

Yelp hits new high; Needham sees more growth ahead

Want to see how this story relates to your portfolio?

Just add items to create a portfolio now:

  • X

or Cancel
Already have a portfolio? Log In

Rex Crum


SAN FRANCISCO (MarketWatch) — Yelp Inc.

/quotes/zigman/9021597/quotes/nls/yelp YELP

shares gained more ground at trading progressed Friday, as the online review and recommendation company’s stock climbed more than 5%, to an all-time high of $39.68. The gains were fueled by Needham Co. analyst Kerry Rice initiating his coverage of Yelp with a buy rating and $45-a-share price target. In a research note, Rice said Yelp “is taking strides in becoming a necessary advertising medium for local businesses worldwide”. Rice added that Yelp’s opportunities for overseas growth have likely not been accounted for in Wall Street’s consensus estimates.

Read the full story:

Microsoft, Dell slip; Yelp, Netflix jump


add Add to portfolio



Be the first to comment


About the author

Mystic Maggie

All of the Mystic Maggie Posts are RSS Reader Feeds from around the web. All copyright remains with the original publisher. No copyright is claimed or intended. Where supplied, links back to the original article are included.

Permanent link to this article:

Powered by WordPress Lab
Powered by Yahoo! Answers