Goldman Sachs cuts target for Yelp stock from USD 38 to USD 24
Published on 10/18/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and calendar
- Goldman Sachs cut its Yelp target from USD 38 to USD 24 on October 14, 2026.
- Yelp reported USD 375.52 million in second-quarter revenue and USD 31.65 million in net income.
- Yelp is scheduled to report third-quarter results on October 29, 2026.
Yelp Inc. (ISIN US9858171054) became the subject of a sharper analyst reset on October 14, 2026, when Goldman Sachs cut its price target from USD 38 to USD 24 while keeping a Hold rating, according to Moomoo News. The 36.84 percent reduction puts the analyst view firmly below the previous target, even as Yelp's second-quarter revenue reached USD 375.52 million.
Three dated developments
On August 10, 2026, Zacks reported that Yelp's second-quarter revenue rose 1.40 percent year over year to USD 375.50 million, while earnings per share reached USD 0.57. On October 9, 2026, International Business Times described the Amazon advertising partnership and cited 98.00 percent growth in other revenue to USD 33 million. On October 14, 2026, Goldman Sachs lowered its target from USD 38 to USD 24, as reported by Markets Insider.
What does the target cut mean
The key tension is between modest top-line growth and pressure on the advertising engine. Zacks reported that advertising revenue fell 3.00 percent year over year to USD 342.50 million in the second quarter, while other revenue climbed 98.00 percent to USD 33 million. Adjusted EBITDA declined 9.00 percent to USD 91 million, and the adjusted EBITDA margin narrowed to 24.00 percent from 27.00 percent.
Next reporting date
Yelp's next scheduled reporting date is October 29, 2026, for third-quarter results, according to The Wall Street Journal. The coming release will give investors a fresh test of whether newer products can offset pressure in core local advertising.
Home market context
Yelp closed at USD 19.88 on the NYSE on October 16, 2026. Its market capitalization was USD 1.1 billion, while the 52-week range was USD 17.27 to USD 34.49 on the same market-data date. The next report therefore arrives with the stock much closer to its yearly low than its yearly high.
The further course of trading is shown by the continuously updated real-time quote of Yelp stock.
Yelp stock facts
- Company: Yelp Inc.
- ISIN: US9858171054
- Ticker: YELP
- Primary exchange: NYSE
- Market capitalization: USD 1.1 billion (as of October 16, 2026)
- 52-week range: USD 17.27-34.49 (as of October 16, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
