Yelp Inc. (Symbol: YELP) shares recently surpassed the average 12-month analyst target price of $31.33, trading at $31.63 per share. This move prompts analysts to decide whether to downgrade on valuation or adjust their target prices upwards based on the underlying business developments responsible for the price increase.
There are six different analyst targets within the Zacks coverage universe for Yelp, with estimates ranging from a low of $26.00 to a high of $41.00, and a standard deviation of $6.50. Currently, the analyst ratings show 4 hold ratings and 3 strong sell ratings, with an average rating of 3.76, indicating a cautious outlook.
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