Canaccord Genuity Maintains a 'Buy' on LinkedIn (LNKD); Strong Operating Momentum Continues
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on LinkedIn (NYSE: LNKD) price target raised from $85 to $95.
Analyst, Michael Graham, said, "LinkedIn reported strong Q4 results highlighted by strength in several key underlying metrics, and guidance for 2012 shows increased confidence. LinkedIn takes another step on the path toward becoming the default global hiring solution...We are raising our revenue and adjusted EPS estimates for 2012 from $849.7M to $903.3M and $0.47 to $0.67...While LNKD stock is expensive on near-term estimates, we believe longer-term (2013-2016E) operating leverage makes valuation more attractive."
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 $76.39 yesterday.
Analyst, Michael Graham, said, "LinkedIn reported strong Q4 results highlighted by strength in several key underlying metrics, and guidance for 2012 shows increased confidence. LinkedIn takes another step on the path toward becoming the default global hiring solution...We are raising our revenue and adjusted EPS estimates for 2012 from $849.7M to $903.3M and $0.47 to $0.67...While LNKD stock is expensive on near-term estimates, we believe longer-term (2013-2016E) operating leverage makes valuation more attractive."
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 $76.39 yesterday.
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