Barclays Maintains an 'Overweight' on LinkedIn (LNKD); Revisiting Our Thesis
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Barclays maintains an 'Overweight' on LinkedIn (NYSE: LNKD) price target of $93.00.
Barclays analyst says, "Ahead of the likely pricing of a follow-on offering, we are revisiting our thesis and reiterating our positive fundamental view of LinkedIn. We believe the uniqueness of its global userbase, the competitive moat created by network efforts, the significant opportunity to expand share in both the corporate recruiting and advertising sectors, and the meaningful upside potential in margins all point to an ability for LinkedIn to sustain hyper growth and recognize significant margin expansion over time. As such, while the valuation on current-year earnings is well above average, the valuation based on a longer term view is reasonable."
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 $78.49 yesterday.
Barclays analyst says, "Ahead of the likely pricing of a follow-on offering, we are revisiting our thesis and reiterating our positive fundamental view of LinkedIn. We believe the uniqueness of its global userbase, the competitive moat created by network efforts, the significant opportunity to expand share in both the corporate recruiting and advertising sectors, and the meaningful upside potential in margins all point to an ability for LinkedIn to sustain hyper growth and recognize significant margin expansion over time. As such, while the valuation on current-year earnings is well above average, the valuation based on a longer term view is reasonable."
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 $78.49 yesterday.
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