LinkedIn (LNKD) Worth Chasing, Cantor Fitzgerald Upgrades to Buy

August 2, 2013 6:53 AM EDT
Get Alerts LNKD Hot Sheet
Price: $195.96 --0%

Rating Summary:
    16 Buy, 34 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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Cantor Fitzgerald upgraded LinkedIn (NYSE: LNKD) from Hold to Buy with a price target of $250.00 (from $170.00). Analyst Youssef Squali thinks LinkedIn is a stock worth chasing.

"While we don't like chasing runaway stocks (and LNKD has certainly been one), we don't mind being forced to do so in rare cases where a company keeps outperforming expectations and where the long-term outlook keeps getting better with every passing quarter—we believe LNKD is one of these rare cases," said Squali.

"We're raising our estimates (esp. outer years) and DCF-derived PT to $250 from $170, primarily reflecting an increase in our intermediate and long-term revenue CAGR to 30%, from 25% previously," he added.

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 $213.00 yesterday.

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