Piper Jaffray Gives Overweight Rating to Linkedin (LNKD)
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Linkedin from $93.00 to $125.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Linkedin to $135.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Needham & Company reiterated a “hold” rating on shares of Linkedin in a research note to investors on Friday. They noted that the move was a valuation call.
Linkedin opened at 117.30 on Friday. Linkedin has a 52-week low of $55.98 and a 52-week high of $122.70. The company has a market cap of $11.989 billion and a price-to-earnings ratio of 953.66.
Linkedin last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.06. The company’s quarterly revenue was up 100.7% on a year-over-year basis. Analysts expect that Linkedin will post $0.17 EPS next quarter.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.