Yelp price target lowered to $22 from $30 at JPMorgan

JPMorgan lowered the firm’s price target on Yelp (YELP) to $22 from $30 and keeps a Neutral rating on the shares. The company reported a “modest” Q4 beat, but its 2026 outlook was well below expectations, the analyst tells investors in a research note. The firm says macro pressures on restaurant and retailer advertising budgets have “started to bleed more into services spend.”