Yelp price target lowered to $30 from $31 at BofA

BofA analyst Nitin Bansal lowered the firm’s price target on Yelp (YELP) to $30 from $31 and keeps an Underperform rating on the shares. Q2 results beat estimates, but the Q3 outlook missed and a sharp slowdown in services suggests engagement headwinds are “catching-up,” the analyst tells investors in a post-earnings note. The firm, which is lowering estimates to reflect lower growth in the Services segment, cut its 2026 revenue forecast by 1% and EPS by 2%.