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A statement released earlier today by RBC Capital Markets about Yelp (NYSE:YELP) bumps down the target price to $49.00

Just yesterday Yelp (NYSE:YELP) traded -13.64% lower at $41.49. Yelp’s 50-day moving average is $40.64 and its 200-day moving average is $37.73. The last closing price is up -5.05% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 16,022,030 shares of YELP traded hands, up from an average trading volume of 2,037,190

RBC Capital Markets dropped the target price of Yelp (NYSE:YELP) to $49.00 indicating a possible upside of 0.18%.

Previously on 2/1/2017, Vetr Inc. reported on Yelp (NYSE:YELP) increased the target price from $0.00 to $44.44. At the time, this indicated a possible upside of 0.04%.

Recent Performance Chart

Yelp (NYSE:YELP)

Yelp has 52 week low of $15.84 and a 52 week high of $43.41 and has a market capitalization of $0.

In addition to RBC Capital Markets reporting its target, a total of 28 equity analysts have released a research note on YELP. The one year target is $27.43 with 2 brokerages rating the stock a strong buy, ten analysts rating the company a buy, twenty-two analysts rating the stock a hold, 4 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell.

Brief Synopsis About Yelp (NYSE:YELP)

Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature. Its platform also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. The Company has Yelp communities in Argentina, Australia, Austria, Belgium, Brazil, Canada, Switzerland, Taiwan, Turkey, the United Kingdom and the United States.

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