Goldman Sachs Raises LinkedIn (LNKD) Price Target to $220

March 14, 2013 7:54 AM EDT Send to a Friend
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Price: $219.09 -0.55%

Rating Summary:
    32 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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Goldman Sachs today maintained a Buy rating on LinkedIn (NYSE: LNKD) and raised its price target to $220.00 (from $157.00). Analyst Heath P. Terry said marketing opportunity at LinkedIn is underappreciated.

"We believe despite recent upward revisions to consensus, expectations for LinkedIn remain overly conservative, particularly related to the opportunities in the company's marketing segment," said Terry.

She noted that traffic reports through Q4 and quarter-to-date suggest LinkedIn's efforts to improve user engagement are driving accelerated growth.

For an analyst ratings summary and ratings history on LinkedIn (NYSE: LNKD) click here. For more ratings news on LinkedIn click here.

Shares of LinkedIn closed at $179.27 yesterday.


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