Yelp: Perpetually Cheap
- Yelp reported another strong quarter as the reopen play tops 2019 levels.
- The consumer review site guided towards record revenues of $1.2 billion in 2022.
- The stock remains cheap at only 7x EV/EBITDA targets with growth far exceeding this valuation multiple.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
As the domestic economy is fully reopen now, Yelp () is on to generating record revenues. Though, the stock is nowhere close to record prices or valuations with Yelp actually trading closer to the recentinvestment thesis