Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">Yelp target lowered to $46 at Axiom Capital following earnings (36.05 -5.44)Axiom Capital lowers their YELP tgt to $46 from $47 after reporting Q4 earnings and giving Q1, FY17 guidance. <strong>However, firm sees the guidance as conservative.</strong> This was the first time in three quarters that Yelp has not reported a classic «beat & raise» quarter. Further, local advertiser net additions of 2.8K came in below our expectations of 4.1K leading to decelerating Local Advertising revenue growth, after accelerating for three consecutive quarters. Yelp cited salesforce distraction from the election, which has been resolved this year. The stock is taking a breather on the less than stellar guidance after close to tripling from its 52-Week low. However, <strong>firm sees the negative reaction as short-lived.</strong> Yelp is finding new product opportunities to drive growth and expand margins. National is becoming a bigger part of the mix, important because national accounts have higher revenue yields per account, have higher margins, and have higher retention rates. As well, self-serve continues to grow rapidly and has very high margins. In addition, the Request A Quote feature has shown strong engagement (4.5M sent in 2016) and should provide upside to 2018 estimates. As such, we remain buyers of the stock.</td> </tr></table>"