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Piper Jaffray disclosed Yelp (NYSE:YELP), bumping down its price target to $37.00 earlier today

Stating a possible downside of -0.21%, Piper Jaffray dropped the price target of Yelp (NYSE:YELP) to $37.00

Previously on 11/02/2017, RBC Capital Markets reported on Yelp (NYSE:YELP) raised the target price from $36.00 to $55.00. At the time, this indicated a possible upside of 0.19%.

Yesterday Yelp (NYSE:YELP) traded 3.19% higher at $46.72. The company’s 50-day moving average is $43.76 and its 200-day moving average is $35.81. With the last stock price close up 24.49% relative to the two hundred day average, compared with the S&P 500 Index which has maintained over the date range. Volume of trade was down over the average, with 1,643,612 shares of YELP changing hands under the typical 2,052,880

Performance Chart

Yelp (NYSE:YELP)

With a total market value of $0, Yelp has price-earnings ratio of 282.15 with a one year low of $26.93 and a one year high of $46.76 .

A total of 28 equity analysts have released a research note on YELP. Two equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, twenty-two equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $27.43.

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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform. Yelp also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. The Yelp Platform allows consumers to transact with local businesses directly on Yelp through Yelp Reservations, its online reservations product, and integrations with partners ranging from Shoptiques.com (boutique shopping) to GolfNow (tee time booking) to BloomNation (flower ordering).

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