-
KeyBanc's Bullish Stance Unchanged After Yelp's Q4 Report
Thursday, February 8, 2018 - 12:37pm | 358Read More...Yelp Inc (NYSE: YELP) reported fourth quarter results that fell short of what Wall Street expected, but at least one analyst says his bullish thesis is unchanged. The Analyst KeyBanc Capital Markets' Brad Erickson maintains an Outperform rating on Yelp's stock with an unchanged $54 price...
-
Attempting To Clear Up The Confusion Around Yelp's Q3 Report
Thursday, November 2, 2017 - 9:06am | 425Read More...After Yelp Inc (NYSE: YELP) released third-quarter results, KeyBanc Capital Markets said the online name looks attractive despite guidance that appeared "soft." Analyst Brad Erickson maintained an Overweight on Yelp with a $54 price target. In pre-market trading...
-
Yelp Story Is Now About Catalysts Vs. Competitive Pressure
Wednesday, October 11, 2017 - 1:02pm | 504Read More...Goldman Sachs sees the Yelp Inc (NYSE: YELP) story as one of the positive near-term catalysts pitched against long-term competitive pressure. The firm believes long-term risks will cap Yelp's multiple for now. As such, Goldman assumed coverage of Yelp with a Neutral rating and a $42 price target...
-
Investors Are Overestimating The Near-Term Benefit To GrubHub's Earnings From Eat24
Thursday, October 5, 2017 - 10:32am | 301Read More...Citigroup downgraded shares of GrubHub Inc (NYSE: GRUB), as it believes the recent run up in shares is now reflecting the near-term outlook. The firm noted that GrubHub shares have gained 44 percent in the year-to-date period and has added 12 percent or $6 per share since it announced the...
-
Credit Suisse Has Had Its Fill Of Grubhub Shares, Downgrades To Neutral
Monday, September 11, 2017 - 10:28am | 432Read More...After a nearly 50-percent return since the start of 2017, now may be a right time for investors to start pocketing some of their profits in GrubHub Inc (NYSE: GRUB), at least according to analysts at Credit Suisse. The firm's Paul Bieber downgrades GrubHub's stock rating from Outperform to...
-
Morgan Stanley Has A Craving For GrubHub Shares, Upgrades To Overweight
Monday, August 7, 2017 - 11:01am | 403Read More...Morgan Stanley is building an appetite for GrubHub Inc (NYSE: GRUB) shares after three proposed acquisitions of Eat24, Foodler and OrderUp. These purchases could extend the company’s scale and size edge to four times its nearest competitor, according to Morgan Stanley analyst Brian Nowak. The...
-
Yelp Churn The Cause For Lowered Outlook, But Some See A Buying Opportunity
Wednesday, May 10, 2017 - 9:38am | 350Read More...Even though shares of Yelp Inc (NYSE: YELP) plunged more than 30 percent immediately following its first-quarter earnings report, not all of Wall Street is throwing in the towel. Cantor Fitzgerald's Kip Paulson maintained an Overweight rating on Yelp's stock with a price target lowered from...
-
Amazon Is Gaining In The Online Food Delivery Space
Monday, April 17, 2017 - 11:55am | 515Read More...Amazon.com, Inc. (NASDAQ: AMZN) is not one to let go of any opportunity without a real fight despite its dominant positioning in the online marketplace. This could be one of the reasons that the company has seen staggering growth over the years. Now, news has it that Amazon is making meaningful...
-
Online Food Delivery: Amid Fierce Competition, Grubhub Remains No. 1 For Now
Tuesday, December 13, 2016 - 5:03pm | 375Read More...With increasing competition and growth in the online food delivery space, GrubHub Inc (NYSE: GRUB) is still the brand leader, according to Loop Capital. Grubhub has a 40 percent market share, aided by its brand recognition, despite Uber’s entrance into the market with UberEATS, which...
-
Almost Everyone Is Downgrading Yelp Today
Wednesday, July 29, 2015 - 10:17am | 926Read More...Shares of Yelp Inc (NYSE: YELP) plunged more than 25 percent after the company reported its second quarter results that included a full year fiscal 2015 guidance coming in below expectations. Oppenheimer: Yelp's Competition To Blame Jason Helfstein of Oppenheimer commented in a note that...
-
Acquisition Of Eat24 Should Give Yelp More Control, Says Brean Capital
Wednesday, February 11, 2015 - 12:35pm | 158Read More...Tom Forte of Brean Capital on Wednesday commented in a note that Yelp Inc's (NASDAQ: YELP) acquisition of Eat24 advances its Yelp Platform efforts – where consumers increasingly complete transactions on its platform versus researching merchants on Yelp and finalizing a purchase elsewhere. "We...
-
Yelp To Take Larger Bite Of Local Markets With Eat24 Acquisition
Wednesday, February 11, 2015 - 9:05am | 176Read More...In a report published Wednesday, Wunderlich Securities analyst Blake T. Harper reiterated a Buy rating and $90.00 price target on Yelp (NYSE: YELP). In the report, Wunderlich Securities noted, "Yelp Inc. (YELP) has purchased Eat24, an online food ordering service that was already integrated into...
-
Yelp Investors: Get To Know Eat24 (And The Company's Revised 2015 Outlook)
Tuesday, February 10, 2015 - 11:41am | 215Read More...Yelp Inc (NYSE: YELP) on Monday morning adjusted its 2015 guidance upwards while also announcing an acquisition. Yelp offered a first quarter revenue outlook and expects sales to fall within a range of $118.5 million to $120.5 versus prior guidance of $114 million to $116 million. For the entire...
