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Mark Holder

Yelp: My Favorite Chart

Yelp (YELP) reported Q2 numbers that beat estimates and guided higher for Q3. This chart from StockTwits shows how despite a big rally in the stock off the lows, Yelp is likely headed higher. 

The stock is currently trading 6% higher to new yearly highs above $34.50. Investors are missing that Yelp has an EV of only $2.1 billion with revenues on target to reach $900 million next year. The stock is far from expensive and the sentiment is way too bearish. 

Disclosure: Long YELP

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