Evercore ISI Reduces PT on Yelp Inc. (YELP) to $37, Maintains 'In Line' Rating

Yelp Inc. (NYSE:YELP) is one of the 14 Tech Stocks to Sell Now According to Ken Fisher.

On August 11, 2025, Evercore ISI reduced its price target on Yelp Inc. (NYSE:YELP) from $44 to $37, maintaining an ‘In Line’ rating. The investment firm attributed the target reduction to macro headwinds, which are impacting its Services segment. Furthermore, the revised target followed the company’s Q2 results.

For the second quarter, Yelp Inc. (NYSE:YELP) recorded an 8% YoY growth in its revenue, slightly exceeding expectations. Meanwhile, adjusted EBITDA reached $100 million, while margins grew by 10%, beating forecasts. Despite these positives, the company lowered its 2025 revenue guidance as its Services and Restaurants, Retail & Other segments slowed. While Evercore believes that Yelp’s management forecasts are conservative, the investment firm warned that softer growth expectations weighed on longer-term forecasts.

With its platform, Yelp Inc. (NYSE:YELP) connects consumers with local businesses across categories such as dining, shopping, home services, beauty, health, and professional services. It is one of the stocks to sell.

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