Linkedin Price Target Raised to $200.00 at Macquarie (LNKD)
Equities research analysts at Macquarie upped their price target on shares of Linkedin (NASDAQ: LNKD) from $160.00 to $200.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
LNKD has been the subject of a number of other recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Linkedin in a research note to investors on Thursday. They now have a $190.00 price target on the stock, up previously from $150.00. Separately, analysts at Wunderlich initiated coverage on shares of Linkedin in a research note to investors on Wednesday, February 27th. They set a “buy” rating and a $195.00 price target on the stock. Finally, 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, February 27th. They now have an “overweight” rating on the stock.
Fourteen equities research analysts have rated the stock with a buy rating, fourteen have assigned a hold rating, and one has given a sell rating to the company. The stock currently has an average rating of “overweight” and an average price target of $161.36.
Linkedin opened at 175.36 on Friday. Linkedin has a 52-week low of $87.75 and a 52-week high of $179.35. The stock’s 50-day moving average is currently $145.4. The company has a market cap of $19.124 billion and a price-to-earnings ratio of 913.33.
Linkedin last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.16. The company had revenue of $303.60 million for the quarter, compared to the consensus estimate of $279.50 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 81.0% on a year-over-year basis. On average, analysts predict that Linkedin will post $1.34 earnings per share for the current fiscal year.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.
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