Yelp has significant exposure to the restaurant industry, which explains the 15% growth in its 2022 advertising revenue despite inflationary pressures throughout the year. After a 14% decline over the last six months, at the current price of around $31 per share, we believe Yelp’s stock (NASDAQ: YELP), an online site for discovering local businesses ranging from bars, restaurants, and cafes, to hairdressers, spas, and gas stations – could see a modest rebound. YELP stock has declined from around $34 to $29 in the last six months, compared to a 2% rise in the S&P index.