LinkedIn Corp. Price Target Increased to $250.00 by Analysts at UBS AG (LNKD)
Equities researchers at UBS AG hoisted their target price on shares of LinkedIn Corp. (NASDAQ:LNKD) from $230.00 to $250.00 in a research report issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective would indicate a potential upside of 1.16% from the stock’s previous close.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded down 6.61% during mid-day trading on Wednesday, hitting $230.80. 3,983,990 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 $234.6 and a 200-day moving average of $193.3. The company has a market cap of $25.872 billion and a price-to-earnings ratio of 939.70. LinkedIn Corp. also was the recipient of unusually large options trading on Tuesday. Stock investors acquired 42,931 call options on the stock. This is an increase of 176% compared to the typical volume of 15,576 call options.
LinkedIn Corp. (NASDAQ:LNKD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.07. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $385.57 million. During the same quarter last year, the company posted $0.22 earnings per share. LinkedIn Corp.’s revenue was up 56.0% compared to the same quarter last year. On average, analysts predict that LinkedIn Corp. will post $1.54 earnings per share for the current fiscal year.
In other LinkedIn Corp. news, VP Erika Rottenberg sold 4,000 shares of LinkedIn Corp. stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $241.19, for a total transaction of $964,760.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of other firms have also recently commented on LNKD. Analysts at Wedbush reiterated a “neutral” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of LinkedIn Corp. to $285.00 in a research note to investors on Wednesday. Finally, analysts at Canaccord Genuity raised their price target on shares of LinkedIn Corp. from $230.00 to $270.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $239.43.
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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