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Stifel issued a report on Yelp (NYSE:YELP), dropping its stock price target to $40.00 today

Yesterday Yelp (NYSE:YELP) traded -13.64% lower at $41.49. The company’s 50-day moving average is $40.64 and its 200-day moving average is $37.73. The last stock close price is up -5.05% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 16,022,030 shares of the stock were exchanged, up from an average trading volume of 2,037,190

Yelp (NYSE:YELP) had its target price lowered to $40.00 by Stifel in a report released 2/10/2017. The new target price indicates a possible downside of -0.04% based on the company's last stock close price.

Previously on Wednesday February 01, 2017, Vetr Inc. reported about Yelp (NYSE:YELP) raised the target price from $0.00 to $44.44. At the time, this indicated a possible upside of 0.04%.

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Yelp has a 52 week low of $15.84 and a 52 week high of $43.41 The company’s market cap is currently $0.

In addition to Stifel reporting its target price, a total of 28 firms have reported on the stock. The consensus target price is $27.43 with 2 firms rating the stock a strong buy, 10 firms rating the stock a buy, 22 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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