Canaccord Genuity Maintains a 'Buy' on LinkedIn (LNKD); Raising PT to $135 After Strong Q1
Tweet Send to a FriendGet Alerts LNKD Hot Sheet
Price: $173.80 -1.43%
Rating Summary:
19 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
19 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade LNKD Now!
Canaccord Genuity maintains a 'Buy' on LinkedIn (NYSE: LNKD) price target boosted from $95 to $135.
Analyst, Michael Graham, said, "LinkedIn reported strong Q1 results and raised its full-year guidance. We believe 2012 catalysts could include continued growth in Corporate Solutions, better member engagement leading to higher advertising and subscription revenue, investor appreciation for the fledglings Sales Navigator products, and continued margin expansion."
"We believe LNKD's member base represents a defensible asset that is generating strong operating momentum. This appears to be channeling investors to focus on upside scenarios, leading us to incorporate a premium multiple into our target price...We are raising our EPS estimate for 2012 from $0.67 to $0.72."
For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.
Shares of LinkedIn closed at $109.41 yesterday, with a 52 week range of $55.98-$122.70.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Michael Graham, said, "LinkedIn reported strong Q1 results and raised its full-year guidance. We believe 2012 catalysts could include continued growth in Corporate Solutions, better member engagement leading to higher advertising and subscription revenue, investor appreciation for the fledglings Sales Navigator products, and continued margin expansion."
"We believe LNKD's member base represents a defensible asset that is generating strong operating momentum. This appears to be channeling investors to focus on upside scenarios, leading us to incorporate a premium multiple into our target price...We are raising our EPS estimate for 2012 from $0.67 to $0.72."
For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.
Shares of LinkedIn closed at $109.41 yesterday, with a 52 week range of $55.98-$122.70.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Deutsche Bank Adjusts Dean Foods (DF) Price Target to $13
- Toll Bros. (TOL) Estimates/PT Raised at Compass Point
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
