Topeka Continues to See Compelling Risk/Reward in LinkedIn (LNKD)

Topeka Capital Buy LinkedIn (NYSE: LNKD) price target of $230.00. Analyst Victor Anthony continues to see compelling risk/reward.

"Clearly, we were somewhat early with our upgrade of LNKD to Buy from Hold three weeks ago, as the broader pullback of high-growth, high-multiple stocks has persisted, and now LNKD's rather solid report (Beat & Raise), is being viewed with less enthusiasm, perhaps due to disappointment that the full year guidance wasn't raised high enough," said Anthony.

"There were also concerns that enterprise net adds continued to slow. We still see an opportunity for more beat and raise quarters with guidance that could top Street expectations. The shares offer a compelling risk-reward, with approximately 40% upside to our price target. Longer-term we see LinkedIn benefiting financially from investments in R&D, Sales Solutions, Sponsored content, and China," he added.

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 $161.22 yesterday.

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