Yelp price target lowered to $38 from $45 at JPMorgan

JPMorgan lowered the firm’s price target on Yelp to $38 from $45 and keeps a Neutral rating on the shares. The company reported “strong” Q4 results, but started to see weaker ad demand across certain categories in mid-December that has continued into early 2024, the analyst tells investors in a research note.