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Shares of Yelp (YELP) are higher by 2.8% to $85.80 this morning after JMP Securities upgraded the stock with a $113 price target.  The firm cities margin expansion and rapid international growth.  Jefferies also raised their price target on Yelp to $100 from $87 citing the positive deal with

Yelp (YELP) has been selling off with all of the momentum stocks lately as investors take profits after a 110% rally since last summer.  Yelp (YELP) will report earnings in early May but watch out for these resistance levels moving forward.  I have a $105 price target for 2014 and a $130 price target for 2015.

Yelp (YELP) resistance levels - $86.84, $88.21, $91.49, $94.55, $97.49

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I think YELP can get back to $50-$60 in few years if they continue to grow.  The CEO was fudging the numbers a few years ago and painting a much better picture than what was really happening.  Wall St. is crooked!


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