LinkedIn Corp PT Raised to $250.00 at Goldman Sachs (LNKD)
Research analysts at Goldman Sachs boosted their target price on shares of LinkedIn Corp (NYSE:LNKD) from $230.00 to $250.00 in a report released on Friday. Goldman Sachs’ price objective suggests a potential upside of 23.90% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of LinkedIn Corp from $270.00 to $257.00 in a research note on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. LinkedIn Corp presently has an average rating of “Buy” and a consensus target price of $231.84.
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 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.
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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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