Linkedin Now Covered by Wunderlich (LNKD)
Wunderlich assumed coverage on shares of Linkedin (NASDAQ: LNKD) in a report released on Wednesday. The firm issued a buy rating and a $195.00 target price on the stock.
“We believe LinkedIn has become the marquee platform for companies and professionals to engage with each other and build brands. The company’s Recruiter product and broader Talent Solutions platform have become extremely valuable for recruiters. We view LinkedIn with a very large competitive moat around its platform given strong network effects, a highly visible revenue stream, and the ability to rapidly innovate with new products. While the stock is trading at a premium to peers (11.6x EV/S for 2013 estimates), we believe the growth opportunities and strong execution should enable more beat and raises throughout the year to drive the stock higher.,” Wunderlich’s analyst wrote.
LNKD has been the subject of a number of other recent research reports. Analysts at Evercore Partners raised their price target on shares of Linkedin from $160.00 to $200.00 in a research note to investors on Wednesday. They now have an overweight rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Linkedin from $165.00 to $180.00 in a research note to investors on Wednesday, February 20th. They now have an overweight rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Linkedin in a research note to investors on Tuesday, February 12th. They now have a $163.00 price target on the stock.
Thirteen investment analysts have rated the stock with a buy rating, fourteen have issued a hold rating, and one has issued a sell rating to the stock. The stock has an average rating of overweight and a consensus price target of $157.86.
Linkedin traded up 1.54% on Wednesday, hitting $170.774. Linkedin has a 1-year low of $84.10 and a 1-year high of $169.85. The stock’s 50-day moving average is currently $137.1. The company has a market cap of $18.623 billion and a price-to-earnings ratio of 875.94.
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