Evercore Partners on LinkedIn (LNKD): Just Waiting To Get In Lower
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: 9 | Down: 12 | New: 19
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Join SI Premium – FREE
Evercore Partners maintains an 'Equal Weight' on LinkedIn (NYSE: LNKD) price target of $115.00.
Analyst, Ken Sena, said, "LinkedIn reported strong revenues, albeit largely in-line with our above-guidance forecast. Total revenues were up 89% to $228mm compared with our $225mm expectation (+86% y/y), well above the high end of the company's $210-215 revenue guidance range and the street consensus of $215mm."
"At 8x and 50x our 2013 revenue and EBITDA estimates, LinkedIn remains expensive, and so our Equal-Weight rating reflects a degree of conservatism. Nevertheless, with members growing 50%, engagement rising, 87% gross margins, and pricing on the Hiring Solutions business remaining strong, the company just appears to get better in what would otherwise seem to be a very tough environment. However, at current valuation, we are awaiting a more attractive entry point."
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 $93.51 yesterday.
Analyst, Ken Sena, said, "LinkedIn reported strong revenues, albeit largely in-line with our above-guidance forecast. Total revenues were up 89% to $228mm compared with our $225mm expectation (+86% y/y), well above the high end of the company's $210-215 revenue guidance range and the street consensus of $215mm."
"At 8x and 50x our 2013 revenue and EBITDA estimates, LinkedIn remains expensive, and so our Equal-Weight rating reflects a degree of conservatism. Nevertheless, with members growing 50%, engagement rising, 87% gross margins, and pricing on the Hiring Solutions business remaining strong, the company just appears to get better in what would otherwise seem to be a very tough environment. However, at current valuation, we are awaiting a more attractive entry point."
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 $93.51 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nutanix (NTNX) PT Raised to $80 at Oppenheimer Into EPS
- Oppenheimer Reiterates Outperform Rating on NVIDIA (NVDA) Into EPS
- Benchmark Reiterates Hold Rating on Codexis, Inc. (CDXS) Amid Transition to New Products/Services
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign 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!
