LinkedIn (LNKD) PT Raised to $285 at Mizuho Securities
Mizuho Securities analyst Neil Doshi reiterated a Buy rating and raised his price target on LinkedIn (NYSE: LNKD) to $285.00 (from $240.00) following solid 'beat and raise' quarter.
Doshi commented, "If investors were looking for strength in the core, a strong product pipeline, and a solid beat & raise, that's what LinkedIn delivered last night: 1) Revenue, EBITDA and EPS beat expectations; 2) Core Talent revenue re-accelerated YoY; and 3) LNKD is re-vamping its mobile product which we believe will drive higher engagement next year. With strength in its core, easing comps, and pricing increases for next year, we remain buyers of LNKD stock."
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 $217.00 yesterday.