Collins Stewart Boosts Price Target on LinkedIn (LNKD) Following Solid Key Operating Metrics Growth
Tweet
Share
E-mailGet Alerts LNKD Hot Sheet
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
Join SI Premium – FREE
Collins Stewart is reiterating its Buy rating on shares of LinkedIn (NYSE: LNKD), while boosting its price target from $86 to $95.
The company reported solid Q4 results as key operating metrics were extremely strong. Total registered members grew 60 percent year over year, while hiring solutions revenues grew 136 percent.
An analyst at Collins Stewart comments, "We believe LNKD has long-term growth opportunity from increasing its penetration of the recruiting market, as well as expansion in international and adjacent markets. In the near term, it has upside from improving employment situation in the US, and absolute user growth acceleration after crossing the 100M user inflection point."
The firm raised its FY12 EPS estimate from $0.59 to $0.73. For the first quarter, Collins forecasts EPS of $0.12.
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.
The company reported solid Q4 results as key operating metrics were extremely strong. Total registered members grew 60 percent year over year, while hiring solutions revenues grew 136 percent.
An analyst at Collins Stewart comments, "We believe LNKD has long-term growth opportunity from increasing its penetration of the recruiting market, as well as expansion in international and adjacent markets. In the near term, it has upside from improving employment situation in the US, and absolute user growth acceleration after crossing the 100M user inflection point."
The firm raised its FY12 EPS estimate from $0.59 to $0.73. For the first quarter, Collins forecasts EPS of $0.12.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Nomura/Instinet Downgrades Pop Mart International Group Ltd (9992:HK) to Neutral
- Deere (DE) PT Raised to $585 at JPMorgan
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Collins StewartSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
