14 Tech Stocks to Sell Now According to Ken Fisher

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1. Yelp Inc. (NYSE:YELP)

Percentage of stake sold by Fisher Asset Management in Q2 2025: 99%

Fisher Asset Management’s Q2 Stake Value: $590,437

Number of Hedge Fund Holders: 25

Yelp Inc. (NYSE:YELP) is one of the 14 Tech Stocks to Sell Now According to Ken Fisher.

On August 11, 2025, Evercore ISI reduced its price target on Yelp Inc. (NYSE:YELP) from $44 to $37, maintaining an ‘In Line’ rating. The investment firm attributed the target reduction to macro headwinds, which are impacting its Services segment. Furthermore, the revised target followed the company’s Q2 results.

For the second quarter, Yelp Inc. (NYSE:YELP) recorded an 8% YoY growth in its revenue, slightly exceeding expectations. Meanwhile, adjusted EBITDA reached $100 million, while margins grew by 10%, beating forecasts. Despite these positives, the company lowered its 2025 revenue guidance as its Services and Restaurants, Retail & Other segments slowed. While Evercore believes that Yelp’s management forecasts are conservative, the investment firm warned that softer growth expectations weighed on longer-term forecasts.

With its platform, Yelp Inc. (NYSE:YELP) connects consumers with local businesses across categories such as dining, shopping, home services, beauty, health, and professional services. It is one of the stocks to sell.

While we acknowledge the potential of YELP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than YELP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts and 15 Stocks That Will Benefit From AI.

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