Wunderlich Speculates on Possible Yahoo! Targets: Sees Yelp as Best Candidate, Also Mentions Zynga, OpenTable, Millennial Media

Wunderilch's Blake Harper is making some waves Monday morning, speculating on several possible takeover targets for Yahoo! YHOO. With CEO Marissa Mayer recently on the prowl, Harper believes Yelp YELP, Zynga ZNGA, OpenTable OPEN and Millennial Media MM could all be on the table as buyout candidates. The analyst called a Yahoo! bid for Yelp the most likely scenario amid possible advertising synergies and a strong presence in the mobile segment. Harper also mentioned Tumblr, Foursquare, Hulu, Flipboard and Jumptag as possible targets for Yahoo! and Mayer. The Wunderlich analyst currently has a hold rating on OpenTable and a Hold rating on Yelp. Shares of Yelp are down more than 1 percent Monday afternoon, shares of OpenTable are down 0.3 percent, and Zynga shares are rallying, up nearly 9 percent to around $3.89.