YelpNYSE: YELP

Yelp can continue a trademark infringement and unfair competition lawsuit against a company that advertised that it could remove “bad” reviews from the platform. A judge ruled Thursday (June 6) that Yelp can pursue these claims against ReviewVio, which does business as Dandy, Reuters reported Friday (June 7).

Yelp can pursue a lawsuit accusing a reputation management company of fraudulently advertising its ability to remove "bad" reviews from the business review website.

Yelp Inc. (NYSE: YELP) released its annual Environmental, Social and Governance (ESG) Report today, showcasing its efforts to create an inclusive employee experience, provide value to businesses and consumers, and work towards reaching net zero emissions by 2031.

Instead of just focusing on Wall Street's projections for Yelp (YELP), it's important to analyze key metrics to better understand the company's potential performance in the first quarter of 2024.

According to Yelp, publicly traded restaurant companies' chains made up half of the top 10 fastest-growing retail brands in the U.S. last year.

Yelp Should Outperform Despite Lowered Expectations

Yelp's revenue grew 13% in 2023 from 2022, surpassing 2019 level. Despite increased user engagement, Yelp faces challenges in attracting new platform users. Market undervalues Yelp at just 12.3 times PE Ratio, significantly lower compared to peers, offering investment potential.

Yelp's recent performance has exceeded expectations, with strong revenue and EBITDA growth. The company's focus on increasing ARPU and improving marketing ROI is driving revenue growth. The market is underestimating Yelp's ability to overcome near-term challenges, presenting an attractive buying opportunity.

Yelp sees growth slowing in 2024 as it invests in its services business. It reported solid growth on the top and bottom lines.