LinkedIn Corp Given New $200.00 Price Target at Wedbush (LNKD)
Research analysts at Wedbush boosted their target price on shares of LinkedIn Corp (NYSE:LNKD) from $170.00 to $200.00 in a report released on Friday. Wedbush’s price target suggests a potential downside of 0.88% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of LinkedIn Corp from $141.00 to $156.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of LinkedIn Corp from $225.00 to $250.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of LinkedIn Corp from $230.00 to $235.00 in a research note on Friday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $231.84.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 11.70% during mid-day trading on Friday, hitting $201.78. The stock had a trading volume of 10,511,318 shares. LinkedIn Corp has a 52 week low of $136.02 and a 52 week high of $257.56. The stock’s 50-day moving average is $168.7 and its 200-day moving average is $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 for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. LinkedIn Corp’s revenue was up 46.8% compared to the same quarter last year. On average, analysts predict that LinkedIn Corp will post $1.64 earnings per share for the current fiscal year.
In other LinkedIn Corp news, Director Reid Hoffman unloaded 83,336 shares of LinkedIn Corp stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $195.21, for a total value of $16,268,020.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with approximately 277 million members in over 200 countries and territories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.