Can Yelp Stock Keep Going After Last Week's 21% Pop?

Can Yelp Stock Keep Going After Last Week's 21% Pop?

Like a rumbling belly that gets fed every three months, shares of Yelp (NYSE: YELP) get moving during earnings season. The provider of crowd-sourced reviews for local venues soared 21.3% last week, fueled by a strong report and a win-win deal with GrubHub (NYSE: GRUB). Several analysts would go on to boost their price targets on Yelp following the encouraging news.

Revenue climbed 20% to hit $208.9 million, the first time that quarterly results have topped $200 million. Earnings clocked in at $0.09 a share on a reported basis and $0.25 on an adjusted basis. Analysts were holding out for a small deficit on roughly $205 million in revenue. Yelp's earlier guidance was calling for just $202 million to $206 million on the top line.

Image source: Yelp.

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Source: Fool.com