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Pro Analysis

Top-ranked analyst: Buy Yelp on better profits

Yelp employees in the New York City office.
Spencer Platt | Getty Images
Yelp employees in the New York City office.

One of the best analysts on Wall Street told investors to buy Yelp on an anticipated earnings upside the rest of the year.

"Yelp [is] likely to exceed 2016 guidance and Street estimates," Deutsche Bank's Lloyd Walmsley wrote in a note to clients Sunday.

He added, "[the positive view reflects] stabilized salesforce productivity, more confidence in management, and improvements in ad units and systems bolstering our long-term outlook."