- 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.
|52wk Range||14.53 - 34.32|
|Day's Range||29.56 - 29.69|
|Avg Vol (3m)||2,490,547|
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