Yelp price target raised to $35 from $26 at Barclays

Barclays raised the firm’s price target on Yelp to $35 from $26 and keeps an Overweight rating on the shares. The company’s beat and raise quarter should be well received, but its advertising revenue growth rates not much better than Meta “despite stark scale differences,” the analyst tells investors in a research note. The firm believes Yelp’s valuation is full at current share levels.