Collins Stewart Boosts Price Target on LinkedIn (LNKD) Following Solid Key Operating Metrics Growth
LNKD Hot Sheet
Rating Summary:12 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 8 | New: 25
Collins Stewart is reiterating its Buy rating on shares of LinkedIn (NYSE: LNKD), while boosting its price target from $86 to $95.
The company reported solid Q4 results as key operating metrics were extremely strong. Total registered members grew 60 percent year over year, while hiring solutions revenues grew 136 percent.
An analyst at Collins Stewart comments, "We believe LNKD has long-term growth opportunity from increasing its penetration of the recruiting market, as well as expansion in international and adjacent markets. In the near term, it has upside from improving employment situation in the US, and absolute user growth acceleration after crossing the 100M user inflection point."
The firm raised its FY12 EPS estimate from $0.59 to $0.73. For the first quarter, Collins forecasts EPS of $0.12.
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 $76.39 yesterday, with a 52 week range of $55.98-$122.70.
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The company reported solid Q4 results as key operating metrics were extremely strong. Total registered members grew 60 percent year over year, while hiring solutions revenues grew 136 percent.
An analyst at Collins Stewart comments, "We believe LNKD has long-term growth opportunity from increasing its penetration of the recruiting market, as well as expansion in international and adjacent markets. In the near term, it has upside from improving employment situation in the US, and absolute user growth acceleration after crossing the 100M user inflection point."
The firm raised its FY12 EPS estimate from $0.59 to $0.73. For the first quarter, Collins forecasts EPS of $0.12.
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 $76.39 yesterday, with a 52 week range of $55.98-$122.70.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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