Yelp (YELP) reported Q2 numbers that beat estimates and guided higher for Q3. This chart from StockTwits shows how despite a big rally in the stock off the lows, Yelp is likely headed higher. The stock is currently trading 6% higher to new yearly highs above $34.50. Investors are missing that Yelp has an EV of only $2.1 billion with revenues on target to reach $900 million next year. The stock is far from expensive and the sentiment is way too bearish. Disclosure: Long YELP