Analysts Give Yelp a Lukewarm Review
Now that Yelp’s quiet period has expired, analysts have started to issue their first report cards. The results are unanimous: Out of four reports issued by Jefferies, Citi, Goldman Sachs and Oppenheimer, there are zero buy recommendations, Forbes writes. But that’s because the company’s stock price, which has soared 72 percent since last month’s IPO, hovers near or above all of the analysts’ price targets. Today, the stock fell 38 cents, or 1.5 percent, to close at $25.43 a share.