- Barrons.com•7 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: 30.700.04 (0.13%) as of 6:40 PM EDT
|Bid||30.25 x 2300|
|Ask||34.67 x 100|
|52wk Range||14.53 - 32.47|
|Day's Range||30.31 - 30.77|
|Avg Vol (3m)||2,516,396|
As of 4:02 PM EDT. Market closed.