YELP Price Prediction Next Week
Yelp (YELP) Stock Price Prediction and Recommendation
Technical Analysis:
- RSI (14): 49.81 (Neutral, not oversold or overbought)
- MACD (12,26): -0.54 (Slightly bearish signal)
- Fibonacci Levels:
- Pivot: $35.02
- R1: $35.77
- R2: $36.23
- R3: $36.98
- S1: $34.27
- S2: $33.81
- S3: $33.06
News and Sentiment:
- Recent insider selling by the Chief People Officer (11,238 shares) indicates potential bearish sentiment.
- Mixed institutional investor activity: 153 increased positions, 159 decreased.
Price Prediction:
Based on the analysis, the stock is expected to face resistance at $36.98. If it fails to break above this level, the price may decline to the support level of $34.27.
Predicted Price for Next Trading Week: $34.50
Recommendation: Sell or hold until a clearer bullish signal emerges.
YELP Similar Chart Price Prediction
The price of YELP is predicted to go up 0.41%, based on the high correlation periods with RL. The similarity of these two price pattern on the periods is 97.88%.
YELP
RL
Up: 0.41%Similarity: 97.88%
YELP Revenue Forecast
YELP EPS Forecast
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YELP Analyst's Forecast
Colin Sebastian
Baird
Hold
2024-11-08
Price Target
$39 → $37
Upside
+2.98%
Baird analyst Colin Sebastian lowered the firm's price target on Yelp to $37 from $39 and keeps a Neutral rating on the shares. The firm said management continues to execute well as Yelp consolidates share in home services advertising, leveraging a multi-year technology and product focus that is somewhat masked by headwinds in the restaurant and retail verticals.
Eric Sheridan
Goldman Sachs
Strong Buy → Hold
2024-10-14
Price Target
$46 → $38
Upside
+10.3%
