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You are at:»»Yelp Inc (NYSE:YELP) Gains 7% on Twitter Inc (NYSE:TWTR) Rally, Earnings Expectations, Barron’s Article
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Yelp Inc (NYSE:YELP) Gains 7% on Twitter Inc (NYSE:TWTR) Rally, Earnings Expectations, Barron’s Article

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By on Technology & Software

Riding the wave of gains in the social-media sector on Twitter Inc (NYSE:TWTR) earnings, Yelp Inc (NYSE:YELP) is more than 7% higher on Wednesday ahead of what is also expected to be upbeat earnings for the on-line business advertiser after today’s close.

Capital IQ forecasts Q2 earnings of $0.10 per share on revenue of $86.3 million. This is up from Q1 results of $0.04 per share on $76.3 million in revenue and from Q2 last year with earnings of $0.07 per share on $55.0 million in revenue.

The stock is also getting a boost from today’s Barron’s, which is running a piece from MKM Partners that rates the stock a Buy with an $86 price target. According to the article, MKM Partners remains “positive on Yelp for its growth trajectory, competitive position, large addressable market and earnings power as the business scales. [The firm is] encouraged by acceleration in Yelp’s oldest markets and, as newer markets are on a steeper monetization curve, that continues to widen, [setting]up years of high revenue growth so long as these relationships hold.”
YELP last traded at $74.26 with a 52-week range of $40.38 to $101.75.

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