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Yelp Stock Soars, But Critics Remain

NEW YORK (TheStreet) --Shares of Yelp (YELP) were soaring by 13.66% to $37.10 in mid-afternoon trading on Wednesday, as the company reported 2016 second-quarter earnings that beat analyst expectations. The crowd-sourced review app posted earnings of 16 cents per share on revenue of $173.4 million, exceeding earning estimates of 7 cents per share on revenue of $169.82 million.

Additionally, the company has received ratings upgrades from Raymond James, Axiom Capital, Mizuho Securities, and RBC...