LinkedIn Corp Price Target Cut to $257.00 (LNKD)
Stock analysts at Credit Suisse reduced their target price on shares of LinkedIn Corp (NYSE:LNKD) from $270.00 to $257.00 in a report issued on Friday. Credit Suisse’s price target points to a potential upside of 27.37% from the company’s current price.
In other LinkedIn Corp news, Director Reid Hoffman sold 83,336 shares of the stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $195.21, for a total value of $16,268,020.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
LinkedIn Corp (NYSE:LNKD) traded up 11.70% on Friday, hitting $201.78. 10,511,318 shares of the company’s stock traded hands. 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 issued its quarterly earnings data 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.
LNKD has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of LinkedIn Corp from $175.00 to $195.00 in a research note on Friday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The stock 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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