LinkedIn Corp PT Raised to $282.00 at Piper Jaffray (LNKD)
Research analysts at Piper Jaffray increased their price target on shares of LinkedIn Corp (NYSE:LNKD) from $270.00 to $282.00 in a report released on Friday. Piper Jaffray’s price objective would indicate a potential upside of 39.76% from the company’s current price.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 11.70% 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 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. Analysts expect that LinkedIn Corp will post $1.64 EPS for the current fiscal year.
LNKD has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of LinkedIn Corp from $170.00 to $200.00 in a research note on Friday. Separately, 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. Finally, 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. One equities research 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 company has a consensus rating of “Buy” and an average price target of $231.84.
In other LinkedIn Corp news, Director Reid Hoffman unloaded 83,336 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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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