Yelp (YELP) Stock

YELP is rapidly expanding its product features and partner base, thereby strengthening revenues from its advertising services.

Yelp (YELP) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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Yelp's stock has declined ~15% YTD, underperforming the S&P 500, due to reduced restaurant marketing budgets amid inflation. I'm reiterating my buy rating on Yelp, as the company's improved performance in the Services segment is raising cost per click and more than offsetting declines in the restaurant segment. The company's bolt-on acquisition of a car repair estimate company further cements the company's leadership position amid various services businesses.

YELP adds several features to its platform for users, businesses and advertisers.

Yelp successfully advertised for local restaurants for the past decade, but now they are shifting focus to Local Services (auto, lawn, home cleaning, etc.). Service advertising segment just recorded their 14th consecutive quarter of double-digit YoY growth. Yelp's shareholder yield has been +10% for the past 3 years as Yelp has bought back shares aggressively.

This Industry Outlook article has pointed out Yelp, Weibo, and Angi.

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The Zacks Internet - Content industry participants like Yelp (YELP), Weibo (WB) and Angi (ANGI) are benefiting from expanding mobile, digital and cloud-based offerings amid challenging macroeconomic conditions globally.