Yelp (YELP) stock rose Thursday and received upgrades from analysts after the company late Wednesday issued Q1 results that showed it is getting closer to profitability. “Yelp posted a strong Q1,” RBC Capital Markets analyst Mark Mahaney wrote in a research note. He upgraded the stock to outperform, or buy, from sector perform. Credit Suisse, Citigroup and Macquarie each upgraded the stock to outperform on Thursday, while Piper Jaffray boosted
Shares of the online review website Yelp (YELP) were up 2% in early afternoon trading in the stock market today after Citigroup upgraded the stock to buy from neutral. Citigroup analyst Mark May said in an investor note Wednesday that a recent pullback in Yelp shares have created a technical buying opportunity. But the analyst also gave an upbeat appraisal of Yelp’s total addressable market, or TAM. “We believe Yelp is early in penetrating its
Reviews from Yelp (YELP) users are headed to Yahoo (YHOO) local-search and mapping results. “Now when you use Yahoo Search to look up a local business in the U.S. on your smartphone, tablet or PC, you’ll see user reviews, business information and star ratings from Yelp,” Anand Chandrasekaran, Yahoo senior director of product management, wrote in a Wednesday blog post. News of the partnership had leaked in February, when Yahoo CEO Marissa Mayer