Yelp’s recent earnings report caused a slew of big swings, although they came in with some passing expectations, investors are on they’re last nail.
Yelp bearly exceeded expected revenue and also came up short on per share profit, analysts found reasons to hope and Yelp still seems to have the ability to instill a sense of confidence in the company’s power to execute against its loft long term goals.
For Horowitz, one high point was that the company added 14,000 new paying advertisers.
Brent Thill, analyst at Jefferies stated an acceleration in revenue during the quarter and also rates the stock a buy with a target of $48.
Other investors like Brian Nowak remain skeptical
“Yelp is seeing progress with enterprise and self-serve but local is stagnating from [a] channel shirt (up only 1%) and that’s 65% of revenue,”
– Brian Nowak
Nowak has an under perform rating on the stock and lifted his price target to $32 following the report.
