Evercore analyst Jian Li maintains $Yelp Inc (YELP.US)$ with a hold rating, and maintains the target price at $44.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Yelp Inc (YELP.US)$'s main analysts recently are as follows:
The company exhibited a robust performance that was primarily driven by growth in the Services sector. This progress helped counterbalance ongoing challenges faced by the Restaurants, Retail & Other category due to macroeconomic factors. Additionally, the firm has shown sustained operating leverage, with third-quarter EBITDA margins surpassing expectations, which can be attributed to the management's commitment to maintaining cost control.
Management at Yelp is recognized for continual execution of consolidation in home services advertising. This is facilitated by a sustained emphasis on technology and product development over multiple years, which is somewhat obscured by challenges in the restaurant and retail sectors.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
