JPMorgan has revised its price target for Yelp (YELP, Financial), lowering it slightly from $36 to $35 while maintaining a Neutral rating on the stock. This adjustment comes as the firm prepares for Yelp's upcoming Q1 earnings release and reflects broader strategic moves within the sector.
The decision to alter price targets extends beyond Yelp, as JPMorgan has also updated its estimates for numerous small to mid-cap internet and video game companies. These changes are driven by ongoing macroeconomic challenges and concerns over tariffs, which could impact revenue growth.
The firm has reduced revenue projections by as much as 5% for the most vulnerable companies, those particularly exposed to tariff-related and macroeconomic risks. This comprehensive reevaluation aims to better align expectations with the current economic landscape.
