Craig-Hallum Maintains Buy on Yelp, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jason Kreyer has maintained a Buy rating on Yelp Inc. (NYSE:YELP) but has reduced the price target from $60 to $55.
December 08, 2023 | 5:13 pm
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Craig-Hallum has reaffirmed a Buy rating on Yelp but lowered the price target to $55, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests that Craig-Hallum remains optimistic about Yelp's future performance. However, the reduction in the price target could reflect a more conservative view on the company's growth prospects or market conditions, which may temper short-term investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100