Here's Why Yelp (YELP) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Yelp (YELP)
San Francisco, CA-based Yelp, founded in 2004, is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services.
YELP boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 60% year-over-year for 2022, while Wall Street anticipates its top line to improve by 15.4%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $0.80 per share for 2022. YELP boasts an average earnings surprise of 212.3%.
Yelp is also cash rich. The company has generated cash flow growth of 25.5%, and is expected to report cash flow expansion of 205.8% in 2022.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, YELP should be on investors' short lists.
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Yelp Inc. (YELP) : Free Stock Analysis Report
