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Yelp price target raised to $39 from $31 at Wells Fargo
The Fly

Yelp price target raised to $39 from $31 at Wells Fargo

Wells Fargo analyst Brian Fitzgerald raised the firm’s price target on Yelp to $39 from $31 and keeps an Equal Weight rating on the shares. The firm notes Yelp reported a strong Q4, with record annual PAL and revenue per PAL, as the company’s product-led initiatives continued to gain traction with local services providers despite the macro malaise.

Published first on TheFly

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