LinkedIn Corp. PT Raised to $285.00 (LNKD)
Equities researchers at Macquarie raised their price target on shares of LinkedIn Corp. (NASDAQ:LNKD) from $260.00 to $285.00 in a research report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Macquarie’s price target suggests a potential upside of 13.55% from the company’s current price.
LinkedIn Corp. (NASDAQ:LNKD) traded down 0.16% on Monday, hitting $250.61. 1,227,246 shares of the company’s stock traded hands. LinkedIn Corp. has a 52-week low of $94.75 and a 52-week high of $257.56. The stock has a 50-day moving average of $243. and a 200-day moving average of $199.9. The company has a market cap of $28.093 billion and a P/E ratio of 954.37.
LinkedIn Corp. (NASDAQ:LNKD) last released its earnings data on Thursday, August 1st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.07. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $354.01 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 59.4% on a year-over-year basis. On average, analysts predict that LinkedIn Corp. will post $1.54 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LNKD. Analysts at Wunderlich raised their price target on shares of LinkedIn Corp. (NASDAQ:LNKD) from $250.00 to $280.00 in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Wednesday, September 25th. Finally, analysts at Evercore Partners reiterated an “overweight” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Tuesday, September 24th. They now have a $280.00 price target on the stock, up previously from $250.00. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $230.10.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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