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Evercore ISI Upgrades Yelp to Outperform, Shares Gain 8%
YelpYelp(US:YELP) Financial Modeling Prep·2025-10-14 04:27

Evercore ISI upgraded Yelp Inc. (NYSE: YELP) from In Line to Outperform and raised its price target to 45.00from45.00 from 37.00, driving shares up more than 8% intra-day on Monday. The firm said it viewed Yelp as an emerging AI beneficiary, highlighting new initiatives such as the company’s AI Receptionist/Host service, which it estimated could represent a total addressable market of roughly 13.8billionbasedon7.7millionclaimedbusinesslocationspricedat13.8 billion based on 7.7 million claimed business locations priced at 149 per month. Evercore pointed to several catalys ...