LinkedIn (LNKD) Bullish Stance Maintained at Needham & Company, Estimates Cut

February 7, 2014 6:17 AM EST
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Price: $195.96 --0%

Rating Summary:
    16 Buy, 34 Hold, 1 Sell

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Needham & Company analyst Kerry Rice reiterated a Buy rating and $280 price target on LinkedIn (NYSE: LNKD) following Q4 results.

"Having accelerated away from competition, LinkedIn is now enriching the user experience not only with compelling content, but also with technology to heighten the relevance of that content," Rice comments. "Moreover, we expect the company to augment the scale of its platform by further investing in mobile, extending into new geographies, and delivering innovative new products to both its enterprise customers and members. We believe the richer experience should enhance engagement of new and existing customers, driving incremental future revenues. We continue to recommend LinkedIn to investors given its market leadership and unfettered long-term growth opportunities."

The firm trimmed FY 2014 EOS from $2.25 to $1.58, representing 0% growth, and FY 2015 EPS was set at $2.69, representing 70.3% growth.

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 $223.45 yesterday.

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