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Yelp Shares Rally After Needham & Co.’s Upgrade (YELP)

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Shares of the online review and recommendation website company, Yelp Inc. (NYSE: YELP) gained about 5.20% on Friday after brokerage firm, Needham & Co initiated its coverage on the stock with a “buy” rating.

In a research report released ahead of the market open on Friday, Needham & Co’s analyst Kerry Rice wrote, “ (Yelp) has successfully established itself as a key online marketing and lead generation platform for small and medium-sized businesses in North America and is taking strides in becoming a necessary advertising medium for local businesses worldwide.”

Needham & Co has set a price target of $45.

Yelp Expands in Czech Republic

Yelp recently announced that its services will now be available in Czech Republic. Now, People in Czech Republic can create accounts on Yelp.cz to share their views about local hotels, restaurants and other local businesses and services.

The Company said that its app for Apple’s iPhones and Google’s Android operating system will be available for users in Czech Republic. Besides, business owners will be also avail its services for free, the Company said.

The company said that Yelp.cz is available with several languages which include, the local language, English, French, Spanish, German, Italian, Dutch, Danish, Finnish, Swedish, Norwegian, Polish and Turkish.

Yelp said that availability of several languages will help it to outshine local players in this business.

 








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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