- Barrons.com•5 days ago
Yelp (YELP) is lower Wednesday, hurt in part by a downgrade from Citi. First, Yelp’s outperformance since its first-quarter earnings report has been entirely driven by a 40% expansion in its EBIDTA multiple, not any change in consensus forecasts. Here are his thoughts on valuation: Despite the downgrade, given the recent outperformance of comps we are tweaking our DCF-based valuation model and raising our price target to $31.
After hours: 29.70-0.04 (-0.13%) as of 5:33 PM EDT
|Bid||29.31 x 500|
|Ask||31.47 x 100|
|52wk Range||14.53 - 34.32|
|Day's Range||28.77 - 29.80|
|Avg Vol (3m)||2,490,547|
As of 4:02 PM EDT. Market closed.