Exploring Yelp's Base, Bull and Bear Case Scenarios

Yelp has emerged as a de-facto search engine for local businesses over the past few years. However, over the past few months, the stock has underperformed the market as it has failed to live up to the analysts? expectations. While the recent return on Nasdaq and S&P has been 7% and 3%, respectively, Yelp has fallen over -21%. Analysts were expecting a much higher growth rate than Yelp was able to deliver. However, we estimate that with the existing growth rate and revenue run rate, the stock is ...