Needham & Company Maintains a 'Hold' on LinkedIn (LNKD); Nice Beat & Raise, But Already Reflected in Valuation
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Price: $184.31 +1.10%
Rating Summary:
19 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
19 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade LNKD Now!
Needham & Company maintains a 'Hold' on LinkedIn (NYSE: LNKD).
Analyst , Kerry Rice, said, "LinkedIn beats and raises guidance. We are positive on LinkedIn’s business and believe it will be difficult for competitors to challenge its leadership position. The company’s large addressable market is underpenetrated, in our view, and an improving economy should benefit LinkedIn’s growth. While LNKD continues to invest in sales and marketing, infrastructure, and product development, we expect margin expansion. Our only caveat is valuation, which we believe reflects much of the near-term growth opportunities for LinkedIn."
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 $109.41 yesterday, with a 52 week range of $55.98-$122.70.
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Analyst , Kerry Rice, said, "LinkedIn beats and raises guidance. We are positive on LinkedIn’s business and believe it will be difficult for competitors to challenge its leadership position. The company’s large addressable market is underpenetrated, in our view, and an improving economy should benefit LinkedIn’s growth. While LNKD continues to invest in sales and marketing, infrastructure, and product development, we expect margin expansion. Our only caveat is valuation, which we believe reflects much of the near-term growth opportunities for LinkedIn."
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 $109.41 yesterday, with a 52 week range of $55.98-$122.70.
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