UBS Maintains a 'Buy' on LinkedIn (LNKD); Updating Estimates; Remain Positive
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on LinkedIn (NYSE: LNKD) price target cut from $105 to $95.
UBS analyst says, "Following a period of restriction on LinkedIn, we are updating our estimates by flowing through the 3Q beat through our model. Our full year 2011 EPS estimate is now $0.03, up from $0.00. We remain positive on the stock with estimates mostly ahead of consensus."
"For 4Q, we model revenue of $159MM (+94% Y/Y) and $0.00 EPS with a share count of ~112MM as we exit the seasonally slower summer hiring months. Looking forward, the company continues to see traction across the global business, but noted in the 3Q earnings call it has started to see “some softness in Southern Europe.” While business exposure remains relatively low, the company is monitoring for any wider regional impact."
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 $70.94 yesterday.
UBS analyst says, "Following a period of restriction on LinkedIn, we are updating our estimates by flowing through the 3Q beat through our model. Our full year 2011 EPS estimate is now $0.03, up from $0.00. We remain positive on the stock with estimates mostly ahead of consensus."
"For 4Q, we model revenue of $159MM (+94% Y/Y) and $0.00 EPS with a share count of ~112MM as we exit the seasonally slower summer hiring months. Looking forward, the company continues to see traction across the global business, but noted in the 3Q earnings call it has started to see “some softness in Southern Europe.” While business exposure remains relatively low, the company is monitoring for any wider regional impact."
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 $70.94 yesterday.
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