LinkedIn Corp Price Target Increased to $250.00 by Analysts at Cantor Fitzgerald (LNKD)
Stock analysts at Cantor Fitzgerald upped their price target on shares of LinkedIn Corp (NYSE:LNKD) from $225.00 to $250.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 23.90% from the stock’s previous close.
In other LinkedIn Corp news, Director Reid Hoffman unloaded 83,336 shares of the company’s stock in a transaction that occurred on 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 SEC, which is available at this link.
A number of other firms have also recently commented on LNKD. 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. Separately, 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. Finally, analysts at Macquarie raised their price target on shares of LinkedIn Corp from $245.00 to $258.00 in a research note on Friday. 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. The stock has a consensus rating of “Buy” and a consensus target price of $231.84.
Shares of 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 1-year low of $136.02 and a 1-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 posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue 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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