Yelp Faces Declining Usage, Competitive Pressure, BofA Says With Underperform Rating

MT Newswires Live09-16

Yelp (YELP) faces declining usage and increasing competitive pressure in the restaurant and retail business, BofA Securities said Monday in a report initiating coverage of the company with an underperform rating.

"We estimate Yelp revenue to grow at mid-single digits and believe the company will continue to lose market share to other online media companies," BofA said. Yelp's platform also faces risk from artificial intelligence on consumer search habits, the report said.

An increasing shift in advertising by restaurants to online food delivery platforms may erode Yelp's revenue from digital ads, BofA said.

BofA has a price target of $30 on Yelp.

Shares of Yelp fell 3% in recent trading Monday.

Price: 33.42, Change: -1.02, Percent Change: -2.96

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2467842899?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-16 23:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2467842899","market":"fut","top_or_hot":-1,"title":"Yelp Faces Declining Usage, Competitive Pressure, BofA Says With Underperform Rating","media":"MT Newswires Live","content":"<html><body><p> Yelp (YELP) faces declining usage and increasing competitive pressure in the restaurant and retail business, BofA Securities said Monday in a report initiating coverage of the company with an underperform rating.</p><p>\"We estimate Yelp revenue to grow at mid-single digits and believe the company will continue to lose market share to other online media companies,\" BofA said. Yelp's platform also faces risk from artificial intelligence on consumer search habits, the report said.</p><p>An increasing shift in advertising by restaurants to online food delivery platforms may erode Yelp's revenue from digital ads, BofA said.</p><p>BofA has a price target of $30 on Yelp.</p><p>Shares of Yelp fell 3% in recent trading Monday.</p><p>Price: 33.42, Change: -1.02, Percent Change: -2.96</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yelp Faces Declining Usage, Competitive Pressure, BofA Says With Underperform Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYelp Faces Declining Usage, Competitive Pressure, BofA Says With Underperform Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-16 23:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Yelp (YELP) faces declining usage and increasing competitive pressure in the restaurant and retail business, BofA Securities said Monday in a report initiating coverage of the company with an ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YELP","symbol_name":"Yelp Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2467842899","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467842899","pubTimestamp":1726501230,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Yelp  faces declining usage and increasing competitive pressure in the restaurant and retail business, BofA Securities said Monday in a report initiating coverage of the company with an underperform rating.\"We estimate Yelp revenue to grow at mid-single digits and believe the company will continue to lose market share to other online media companies,\" BofA said. Yelp's platform also faces risk from artificial intelligence on consumer search habits, the report said.An increasing shift in advertising by restaurants to online food delivery platforms may erode Yelp's revenue from digital ads, BofA said.BofA has a price target of $30 on Yelp.Shares of Yelp fell 3% in recent trading Monday.Price: 33.42, Change: -1.02, Percent Change: -2.96","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"YELP":"Yelp Inc."},"translate_title":"美国银行表示，Yelp面临使用量下降和竞争压力，评级表现不佳","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YELP":1},"content_text":"Yelp (YELP) faces declining usage and increasing competitive pressure in the restaurant and retail business, BofA Securities said Monday in a report initiating coverage of the company with an underperform rating.\"We estimate Yelp revenue to grow at mid-single digits and believe the company will continue to lose market share to other online media companies,\" BofA said. Yelp's platform also faces risk from artificial intelligence on consumer search habits, the report said.An increasing shift in advertising by restaurants to online food delivery platforms may erode Yelp's revenue from digital ads, BofA said.BofA has a price target of $30 on Yelp.Shares of Yelp fell 3% in recent trading Monday.Price: 33.42, Change: -1.02, Percent Change: -2.96","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467842899"}