Craig-Hallum Maintains Buy on Yelp, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jason Kreyer maintains a Buy rating on Yelp (NYSE:YELP) but lowers the price target from $55 to $48.

May 10, 2024 | 4:13 pm
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Craig-Hallum analyst Jason Kreyer maintains a Buy rating on Yelp but lowers the price target from $55 to $48, indicating a positive outlook but adjusting expectations.
The maintenance of a Buy rating suggests continued confidence in Yelp's fundamentals and growth prospects. However, the reduction in the price target could reflect adjustments to valuation models, possibly due to market conditions or Yelp's recent performance. This mixed signal could lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100