Yelp price target lowered to $30 from $33 at JPMorgan

JPMorgan lowered the firm’s price target on Yelp (YELP) to $30 from $33 and keeps a Neutral rating on the shares. The company reported a Q3 beat but lowered its 2025 revenue outlook, the analyst tells investors in a research note. The firm expects Yelp’s growth to remain “muted” until restaurant and retailer advertising budgets improve, which it feels is unlikely in the near term.