Stock Rating Downgrade
In the last week the Value Trend Rating for Yelp Inc (NYSE: YELP) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Yelp Inc (NYSE: YELP) stock closed at $38.29 on 3/8/24 after a modest gain of 0.4%. NORMAL trading volume accompanied the advance. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
YELP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Yelp has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Yelp has a poor Appreciation Score of 23 but a slightly positive Power Rating of 62, producing the Negative Value Trend Rating.
Be the first to comment