Yelp's stock price plummeted 5.20% at the open on Tuesday, as shares came under significant selling pressure.
The sharp decline followed news that JP Morgan cut its price target on Yelp Inc to $22 from $30, representing a substantial reduction in the firm's valuation outlook for the company.
Analyst target price revisions are closely watched by investors as signals of changing sentiment toward a company's future earnings potential and stock valuation.
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