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Yelp (YELP) Gets a Hold Rating from Jefferies

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In a report issued on May 31, Brent Thill from Jefferies maintained a Hold rating on Yelp (YELPResearch Report), with a price target of $30.00. The company’s shares closed last Friday at $29.61.

According to TipRanks.com, Thill has 0 stars on 0-5 stars ranking scale with an average return of -8.6% and a 28.9% success rate. Thill covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Procore Technologies, and Instructure Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Yelp with a $35.71 average price target, implying a 17.5% upside from current levels. In a report issued on May 25, Robert W. Baird also maintained a Hold rating on the stock with a $35.00 price target.

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The company has a one-year high of $43.28 and a one-year low of $26.42. Currently, Yelp has an average volume of 680.6K.

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Yelp, Inc. hosts an online database of user-generated reviews of local businesses. It provides reviews on local businesses, which include restaurants, boutiques and salons, dentists, mechanics and plumbers. The firm offers multiple free and paid advertising solutions to engage with consumers, including free online business accounts, search advertising and Yelp Deals. The company was founded by Jeremy Stoppelman and Russell Simmons in July 2004 and is headquartered in San Francisco, CA.

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