Yelp (YELP) Review Growth Outpacing Google Plus (GOOG) - Piper Jaffray

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and $80 price target on Yelp (NYSE: YELP) Thursday noting growth of Yelp reviews are outpacing Google Plus (NASDAQ: GOOG).

Munster commented, "We are updating our review count analysis that looks at historical growth of 500 places in 20 major cities in the U.S. on a weekly basis to measure the consumer review trends between Yelp and Google Plus. Our data shows that despite being a more mature platform, Yelp outpaces Google Plus in terms of review growth. Yelp reviews grew 130% over the past year compared to Google reviews growing at 75%. We believe review growth is a key metric to the long term Yelp story. We remain positive on shares of YELP."

For an analyst ratings summary and ratings history on Yelp click here. For more ratings news on Yelp click here.

Shares of Yelp closed at $57.72 yesterday.

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