Yelp's better-than-expected quarterly earnings results offer a bright future for the stock, Piper Jaffray senior analyst Gene Munster said Thursday.
The online-reviews company and social sharing site posted a narrower first-quarter loss and revenue was up 66 percent from the same period last year, with a 65 percent increase in business accounts.
"I think what's ironic about the valuation call here is that there's not a ton of historical support given that the stock has only been public since 2012," he said. "This is a company that can grow at 40 percent-plus for the next six years to 2020."
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