Evercore ISI Upgrades Yelp to Outperform, Shares Gain 8%
Evercore ISI upgraded Yelp Inc. (NYSE: YELP) from In Line to Outperform and raised its price target to 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 149 per month. Evercore pointed to several catalys ...