Goldman Sachs Raises LinkedIn (LNKD) Price Target to $150
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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: 5 | New: 26
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs boosted estimates and its price target on LinkedIn (NYSE: LNKD) from $135 to $150 following strong Q1 results and raised guidance.
"With LinkedIn still at a reasonable relative valuation given its growth rate, we believe there is considerable outstanding upside in the stock as it continues to transform the recruiting industry and exploit value of data and connections of its network of users," the firm said.
2012 revenue/EBITDA estimates go to $902mn/$179mn from $875mnn/$173mn;
2013 estimates go from $1.4bn/$292mn to $1.5bn/$342mn. FY12 EPS goes from $0.18 to $0.04, FY13 from $0.50 to $0.35 and FY14 from $1.03 to $1.08.
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.
"With LinkedIn still at a reasonable relative valuation given its growth rate, we believe there is considerable outstanding upside in the stock as it continues to transform the recruiting industry and exploit value of data and connections of its network of users," the firm said.
2012 revenue/EBITDA estimates go to $902mn/$179mn from $875mnn/$173mn;
2013 estimates go from $1.4bn/$292mn to $1.5bn/$342mn. FY12 EPS goes from $0.18 to $0.04, FY13 from $0.50 to $0.35 and FY14 from $1.03 to $1.08.
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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