Credit Suisse Analyst Boosts Price Target for Yelp, Citing Positive Outlook and Confidence in Future Performance
August 15, 2023
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On August 7, 2023, Stephen Ju of Credit Suisse expressed his confidence in Yelp’s future performance and raised the price target from $43 to. This is a positive outlook for the company following an impressive showing over the past few months. Yelp Inc ($NYSE:YELP). is an American-based company that operates a website and mobile app that connects customers with local businesses. It is a public company, traded on the New York Stock Exchange with the stock symbol YELP. This is a sign that Credit Suisse investors are confident in Yelp’s ability to continue to grow and succeed in the future.
The company has seen steady growth over the past few years and continues to expand its services and offerings. It provides a valuable platform for customers to find and review businesses, and its user base continues to grow. The outlook for Yelp appears to be bright and investors should remain optimistic about its prospects for the remainder of 2023 and beyond.
Stock Price
Despite the downward trend in YELP’s stock price on Tuesday, analysts are still optimistic about the company’s future. Fueled by recent product launches, such as Yelp Connect and Yelp Deals, and increased focus on advertising, Yelp is well positioned to take advantage of opportunities in the mobile and local search markets. Overall, this news from Credit Suisse has created optimism in the markets for YELP INC, despite Tuesday’s dip in stock price. With a positive outlook for the company and confidence in its future performance, investors should watch closely to see how the stock performs in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yelp Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.27k | 42.8 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yelp Inc. More…
| Operations | Investing | Financing |
| 236.33 | -158.55 | -229.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yelp Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.03k | 324.69 | 10.29 |
Key Ratios Snapshot
Some of the financial key ratios for Yelp Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 18.0% | 4.7% |
| FCF Margin | ROE | ROA |
| 16.1% | 5.2% | 3.6% |
Analysis
GoodWhale conducted an analysis of YELP INC‘s fundamentals. According to the Star Chart, YELP INC is strong in terms of asset, growth, and profitability, but weak in dividend. With our conclusion, we classify YELP INC as a ‘gorilla’ type company, which has achieved stable and high revenue or earning growth due to its strong competitive advantage. It is clear that YELP INC is a company with strong financials and will be attractive to various types of investors. YELP INC also has a high health score of 10/10 with regard to its cashflows and debt, making it capable to safely ride out any crisis without the risk of bankruptcy. More…
Peers
It operates in the United States, Canada, Australia, New Zealand, the United Kingdom, and Ireland. Yelp Inc has a market capitalization of $26.92 billion as of 2020. Its competitors are Personas Social Incorporated, Mdf Commerce Inc, and Qutoutiao Inc.
– Personas Social Incorporated ($TSXV:PRSN)
Personas Social Incorporated is a social media company with a market cap of 8.2M as of 2022. The company has a Return on Equity of 49.94%. Personas Social Incorporated operates a social media platform that allows users to connect with friends and family, share photos and videos, and stay up-to-date on news and current events.
– Mdf Commerce Inc ($TSX:MDF)
Mdf Commerce Inc is a publicly traded company with a market capitalization of 147.3 million as of 2022. The company has a negative return on equity of 5.27%. Mdf Commerce Inc is a provider of online marketplace services for buyers and sellers of goods and services. The company operates in North America, Europe, Asia, and South America.
– Qutoutiao Inc ($NASDAQ:QTT)
As of 2022, Qutoutiao Inc has a market cap of 11.39M and a ROE of 33.26%. The company is an online content platform that provides users with personalized content recommendations. The company was founded in 2016 and is headquartered in Shanghai, China.
Summary
Yelp Inc. has recently been subject to an investment analysis from Credit Suisse analyst Stephen Ju. He reaffirmed a positive outlook on the stock and increased the price target from $43 to an undisclosed amount. Despite this positive outlook, the stock price moved down on the same day.
Investors remain bullish on the future performance of Yelp due to their strong foothold in digital marketing, the growing trend of local shopping, and their comprehensive consumer databases. It remains to be seen if the stock price will react positively to the increased price target in the future.
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