Canaccord Genuity Maintains a 'Buy' on LinkedIn (LNKD); Raising PT to $135 After Strong Q1
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Buy' on LinkedIn (NYSE: LNKD) price target boosted from $95 to $135.
Analyst, Michael Graham, said, "LinkedIn reported strong Q1 results and raised its full-year guidance. We believe 2012 catalysts could include continued growth in Corporate Solutions, better member engagement leading to higher advertising and subscription revenue, investor appreciation for the fledglings Sales Navigator products, and continued margin expansion."
"We believe LNKD's member base represents a defensible asset that is generating strong operating momentum. This appears to be channeling investors to focus on upside scenarios, leading us to incorporate a premium multiple into our target price...We are raising our EPS estimate for 2012 from $0.67 to $0.72."
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.
Analyst, Michael Graham, said, "LinkedIn reported strong Q1 results and raised its full-year guidance. We believe 2012 catalysts could include continued growth in Corporate Solutions, better member engagement leading to higher advertising and subscription revenue, investor appreciation for the fledglings Sales Navigator products, and continued margin expansion."
"We believe LNKD's member base represents a defensible asset that is generating strong operating momentum. This appears to be channeling investors to focus on upside scenarios, leading us to incorporate a premium multiple into our target price...We are raising our EPS estimate for 2012 from $0.67 to $0.72."
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.
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