Notable Tech Analyst Updates: Yelp Inc(NYSE:YELP), Intel Corporation(NASDAQ:INTC)

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Some notable analyst actions this morning include Citigroup upgrading its rating on Yelp Inc(NYSE:YELP) to Buy from Neutral citing the recent pullback in shares and the company’s large total addressable market. Citi keeps a $76 price target for the stock.

Analysts have a consensus price target of $87.24 on Yelp Inc(NYSE:YELP) which indicates a 29% upside. The consensus rating of the stock is a BUY with a score of 2.59.  There are currently 12 Hold Ratings and 17 Buy ratings on the stock.

B. Riley downgraded Intel Corporation(NASDAQ:INTC) to Neutral citing a lack of second half of 2014 catalysts following the company’s “mixed” Q1 results. The firm raised its price target for shares to $29 from $28.50.

Deutsche Bank raised its price target for Intel shares to $30 citing the company’s “solid” Q1 results. The firm views Intel’s second half guidance as conservative and keeps a Buy rating on the stock. :theflyont

Analysts have a consensus price target of $25.80 on Intel Corporation(NASDAQ:INTC) which indicates a 2.6% downside. The consensus rating of the stock is a HOLD with a score of 2.41.  There are currently 15 Hold Ratings, 17 Buy ratings 1 Strong Buy rating and 4 Sell ratings on the stock.

Nomura downgraded Motorola Solutions to Neutral with a $62 price target citing weak organic growth trends and valuation.

UBS downgraded NetApp to Neutral citing rising competition and a “mediocre” outlook for storage spending. The firm lowered its price target for shares to $40 from $50.

 

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