UPDATE: Goldman Sachs Raises Price Target on LinkedIn to $80
According to Goldman Sachs, LinkedIn (NASDAQ: LNKD) price target is raised to $80.
Goldman Sachs said that LinkedIn reported 4Q revenue of $168 mn (+105% yoy vs. +126% in 3Q), above the estimate of $156 mn, consensus of $160 mn and the guidance range of $154-158 mn. “We raise our 12-month price target from $70 to $80 to reflect our raised EBITDA estimate and a target multiple of 30x 2013 EV/EBITDA vs. our prior target multiple of 25x, an increase driven by the increase in the industry multiple from 9x to 13x over the same period.”
LinkedIn closed yesterday at $76.39.
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