In a report released today, Brian Nowak from Morgan Stanley maintained a Sell rating on Yelp Inc (YELP – Research Report), with a price target of $31.00. The company’s shares closed last Monday at $32.81.
According to TipRanks.com, Nowak is a 5-star analyst with an average return of 8.0% and a 63.5% success rate. Nowak covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Activision Blizzard.
Currently, the analyst consensus on Yelp Inc is a Hold with an average price target of $39.63.
Yelp Inc’s market cap is currently $2.33B and has a P/E ratio of 46.09. The company has a Price to Book ratio of 3.15.
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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.