Canaccord Genuity Reiterates Buy on Linkedin (LNKD)

By admin | 6 years ago

Linkedin (NASDAQ: LNKD)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Friday.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Linkedin in a research note to investors on Monday, May 7th. They now have a $123.00 price target on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Linkedin in a research note to investors on Friday, May 4th. Finally, analysts at Piper Jaffray (NYSE: PJC) reiterated an “overweight” rating on shares of Linkedin in a research note to investors on Friday, May 4th.

Linkedin opened at 99.02 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 $10.229 billion and a price-to-earnings ratio of 678.22.

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.

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