LinkedIn Corp Given New $235.00 Price Target at RBC Capital (LNKD)
Research analysts at RBC Capital boosted their target price on shares of LinkedIn Corp (NYSE:LNKD) from $230.00 to $235.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 16.46% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest raised their price target on shares of LinkedIn Corp from $220.00 to $250.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Macquarie raised their price target on shares of LinkedIn Corp from $245.00 to $258.00 in a research note on Friday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of LinkedIn Corp from $235.00 to $241.00 in a research note on Friday. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $231.84.
In other LinkedIn Corp news, Director Reid Hoffman sold 83,336 shares of LinkedIn Corp stock in a transaction dated Friday, August 1st. The shares were 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% 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 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 posted its quarterly 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. Analysts expect that LinkedIn Corp will post $1.64 EPS for the current fiscal year.
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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