Wedbush Starts LinkedIn (LNKD) at Neutral
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush initiates coverage on LinkedIn (NYSE: LNKD) with a Neutral. PT $106.00.
The firm comments, "We are assigning a P/E multiple of 75x to our CY:13 EPS estimate of $1.33, plus cash and short-term investments of $6/share, resulting in a value of $106/share. We believe that the multiple is justified due to the company's significant potential to deliver operating leverage from cost control, its strong revenue growth rate, its large addressable market, and its dominant position in the marketplace."
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 $107.11 yesterday.
The firm comments, "We are assigning a P/E multiple of 75x to our CY:13 EPS estimate of $1.33, plus cash and short-term investments of $6/share, resulting in a value of $106/share. We believe that the multiple is justified due to the company's significant potential to deliver operating leverage from cost control, its strong revenue growth rate, its large addressable market, and its dominant position in the marketplace."
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 $107.11 yesterday.
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