Results for “Yelp”

…G Qualified referral growth 56% y/y Wayfair W 2Q revenue growth guidance 25% y/y Wix WIX Premium subscribers growth 36% Yelp YELP 1Q Local advertising account adds 4k (17% y/y) Zynga ZNGA Online Games DAUs 17.9 Source: BofA Merrill Lynch Global Research estimates 2 Internet/e-Com...

… negative impacts of its IB transition peak. Downside risks to our price objective are: 1) increasing competition (e.g. Yelp), 2) macroeconomic factors (e.g. recession in Europe) impacting the travel industry, 3) challenges to the credibility of online reviews, 4) Instant Book tr...

… Post Electronic Arts EA EAUS Justin Post Quotient Technology Inc QUOT QUOT US Nat Schindler Wayfair Ww WUS Justin Post Yelp YELP YELP US Justin Post UNDERPERFORM Care.com CRCM CRCM US Justin Post Fitbit FIT FITUS Nat Schindler GoPro GPRO GPRO US Jason Mitchell Pandora Media, In...

Yelp’s high stock comp (67% of 2017E EBITDA) could create overhang to

…ssets is delayed/challenged, 4} valuation of Yahoo! Japan falls, and 5) valuation of Excalibur patent portfolio falls. Yelp (YELP) Our $43 price objective is based on 14x 2018E EV/EBITDA, slightly above online media comps, which we believe is warranted given the higher margin p...

…t QUOT 94 Snap SNAP 20.7 TripAdvisor TRIP 41.76 Trivago TRVG 12.81 Twitter TWTR 14.53 Wayfair W 40.21 Yahoo! YHOO 46.38 Yelp YELP 33.22 Zillow A ZG 33.49 Zillow C Z 33.47 ZYNGA ZNGA 2.18 Source: BofA Merrill Lynch Global Research, Prices as of 5 April 2017 52 __Internet/e-Comme...

…RATE 6 5 23 0 8 3 3 EBAY 5 3 9 9 4 20 3 ONDK 7 21 4 21 3 5 4 ZG 5 4 8 4 22 9 4 YHOO 1 8 7 7 1 22 4 GPRO 24 3 5 25 1 8 4 YELP 4 6 24 8 3 8 6 Ww 25 9 8 5 21 7 6 P 23 20 7 6 7 2 6 GRUB 9 25 20 2 5 4 6 MTCH 22 24 6 1 9 7 7 QUOT 3 17 22 3 24 21 7 FIT 21 2 25 22 N/A 25 9 TRIP 8 23 21 2...

… 0% 4% 3.6 3% 5% ONDK 2% 3% 1% 3.3 34% 30% ZG 1% -2% -9% 3.9 -26% 24% YHOO 6% 1% 9% 38 0% 2% GPRO 36% -3% 4% 23 14% 1% YELP 0% 0% -14% 37 2% 25% Ww 38% 2% 1% 3.9 -22% 25% P 30% 2% 1% 3.9 2% 17% GRUB 8% 1% -11% 4 -5% 31% MTCH 27% 5% 4% 4.2 1% 8% QUOT 8% 0% -13% 48 -56% 5% FIT...

…or is trading well below the midpoint of its recent range (excluding NFLX)}, at 25x 2018 EPS. GOOG (18x), FB (21x), and YELP (23x) are below the sector average while TWTR (40x) is above. e The Online Travel sector is currently trading slightly above the mid-point of its five yea...

…argins and re-accelerating top-line growth. Downside risks to our price objective are: 1) increasing competition (e.g. Yelp), 2) macro- economic factors (e.g. recession in Europe) impacting the travel industry, 3) challenges Bankof America Merrill Lynch Internet/e-Commerce | 0...

…negative impacts of its IB transition peak. Downside risks to our price objective are: 1) increasing competition (e.g. Yelp), 2} macro- economic factors (e.g. recession in Europe) impacting the travel industry, 3} challenges to the credibility of online reviews, 4) Instant Book...

…-line EPS ($0.05) ($0.13) Ahead ZG Revenue 239 236 Ww Revenue $944 $933 EPS 0.06 0.05 Ahead EPS ($0.49) ($0.60) Ahead YELP Revenue $201 $198 EPS $0.18 $0.16 Ahead Source: BofA Merrill Lynch Global Research, Bloomberg, as of 4/4/2017 Bankof America Merrill Lynch Internet/e-C...