Canaccord Genuity Raises Price Target on Linkedin (LNKD)
Equities researchers at Canaccord Genuity raised their target price on shares of Linkedin (NASDAQ: LNKD) from $95.00 to $135.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock.
Shares of Linkedin opened at 117.30 on Friday. Linkedin has a one year low of $55.98 and a one year high of $122.70. The company has a market cap of $11.989 billion and a P/E ratio of 953.66.
Linkedin last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company’s revenue for the quarter was up 100.7% on a year-over-year basis. On average, analysts predict that Linkedin will post $0.17 earnings per share next quarter.
LNKD has been the subject of a number of other recent research reports. Analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Linkedin to $145.00 in a research note to investors on Friday. Finally, analysts at Northland Securities initiated coverage on shares of Linkedin in a research note to investors on Friday, April 20th. They set a “market perform” rating and a $105.00 price target on the stock.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.