Evercore Partners Maintains an 'Equal Weight' on LinkedIn (LNKD); Waiting to Buy at a Discount

August 1, 2012 9:56 AM EDT
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Price: $195.96 --0%

Rating Summary:
    16 Buy, 34 Hold, 1 Sell

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    Up: 10 | Down: 16 | New: 50
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Evercore Partners maintains an 'Equal Weight' on LinkedIn (NYSE: LNKD) price target of $115.00.

Analyst, Ken Sena, said, "We are raising our total revenue estimate by 4% from $215 million (78% y/y) to $225 million (86% y/y), above the high end of the company's $210-215 million revenue guidance and higher than consensus of $215 million, or 78% y/y. Our 20% EBITDA margins remain unchanged bringing adj. EBITDA to $46 million, up from $44 million previously."

"At 8x and 60x our 2013 revenue and EBITDA estimates, LinkedIn is expensive, and our Equal-Weight rating reflects a degree of conservatism given this valuation. Nevertheless, the company is clearly on a very solid growth trajectory, which our checks this quarter continue to demonstrate."

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 $102.65 yesterday.

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LULU2 on 2012-08-01 17:59:02
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"240 hits a 2nd look for employment" not 2. Organizational software- product.

Personal AD experience
LULU2 on 2012-08-01 17:56:24
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1000+ hits on ad, 2 second page looks at Jobs, 1 paid sale/buying customer, Unless I am in politics or unemployed now or looking for an old sweetheart, I am not on LNKD in any way.

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