Yelp Stock Stung With Bad Review
SAN FRANCISCO (CBS SF) - Yelp's stock (YELP) took a tumble last week when the company reportedly decided to pull its name out of the takeover hat.
That's resulting in an analyst with B. Riley and Company cutting the online reviewer's price target while tagging the stock with a "sell" rating.
The client note says now that the sale talk has paused, investors will focus on company fundamentals, which are weakening.
An analyst with SunTrust points out those weakening fundamentals include slowing user traffic and local advertising, and search pressure overseas, although adding a caveat that, with 140-million users, Yelp remains a strategic asset for a bigger company.
