LinkedIn Corp Given New $195.00 Price Target at Cowen and Company (LNKD)
Analysts at Cowen and Company lifted their price target on shares of LinkedIn Corp (NYSE:LNKD) from $175.00 to $195.00 in a research report issued to clients and investors on Friday. Cowen and Company’s price target suggests a potential downside of 3.36% from the company’s current price.
In other LinkedIn Corp news, Director Reid Hoffman sold 83,336 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $195.21, for a total transaction of $16,268,020.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 11.70% on Friday, hitting $201.78. The stock had a trading volume of 10,511,318 shares. LinkedIn Corp has a one year low of $136.02 and a one year high of $257.56. The stock has a 50-day moving average of $168.7 and a 200-day moving average of $179.1. The company’s market cap is $24.569 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $511.03 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 46.8% on a year-over-year basis. On average, analysts predict that LinkedIn Corp will post $1.64 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital reiterated a “buy” rating on shares of LinkedIn Corp in a research note on Friday. They now have a $230.00 price target on the stock, up previously from $225.00. Separately, analysts at SunTrust reiterated a “buy” rating on shares of LinkedIn Corp in a research note on Friday. They now have a $225.00 price target on the stock, down previously from $240.00. Finally, analysts at Jefferies Group raised their price target on shares of LinkedIn Corp from $280.00 to $300.00 in a research note on Friday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. LinkedIn Corp currently has an average rating of “Buy” and a consensus target price of $231.84.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with approximately 277 million members in over 200 countries and territories.
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