Canaccord Genuity Lifts Target on LinkedIn (LNKD) After Strong Q3

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November 2, 2012 8:47 AM EDT
Get Alerts LNKD Hot Sheet
Price: $195.96 --0%

Rating Summary:
    10 Buy, 30 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 5 | New: 25
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Canaccord Genuity boosted its price target on Buy-rated LinkedIn (NYSE: LNKD) from $135 to $140 following strong Q3 results.

The analyst comments: "LinkedIn reported a solid beat on the top line with roughly 100% of the upside falling to the EBITDA. Not bad! An accelerated pace of product enhancements, successful onboarding of sales people, continued push internationally, and progress with Sales Navigator all point to a model that is showing no signs of slowing and is protected by a moat now filled with 187M increasingly active members."

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 $106.85 yesterday.

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Canaccord Genuity