In a report released yesterday, Brad Erickson from KeyBanc reiterated a Buy rating on Yelp Inc (NYSE: YELP), with a price target of $54. The company’s shares opened today at $46.82, close to its 52-week high of $48.17.
According to TipRanks.com, Erickson is a 3-star analyst with an average return of 2.7% and a 51.7% success rate. Erickson covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Harman International, and Silicon Laboratories.
Currently, the analyst consensus on Yelp Inc is Moderate Buy and the average price target is $46.60, representing a -0.5% downside.
In a report issued on November 1, SunTrust Robinson also reiterated a Buy rating on the stock with a $51 price target.
Yelp Inc’s market cap is currently $3.83B and has a P/E ratio of 210.59. The company has a book value ratio of 4.1429.
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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.