Cantor Fitzgerald Boosts PT on LinkedIn (LNKD) to $143

February 8, 2013 7:36 AM EST
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Price: $195.96 --0%

Rating Summary:
    16 Buy, 34 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 5 | New: 17
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Cantor Fitzgerald raised its price target on LinkedIn (NYSE: LNKD) from $125 to $143 following Q4 results, but maintained a Hold rating.

The firm comments, "In typical LinkedIn fashion, the company reported strong 4Q:12 results, with revenue and profit growth across its three main segments comfortably surpassing expectations. While U.S. remained very healthy, International growth accelerated to 100%+ Y/Y despite macro weakness in Europe. LinkedIn remains one of the best business models online today, with material growth and margin expansion ahead, but much of which we believe is captured in our 10-year projections, keeping us currently on the sidelines. We are revising our estimates and establishing a new FY:13 target of $143 (from $125 for FY:12)."

The firm raised FY13 EPS estimates from $0.83 to $1.21 and set FY14 EPS at $1.46.

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 $124.09 yesterday.

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