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UPDATE: Collins Stewart Raises Target to $95 on LinkedIn

Collins Stewart reiterates its Buy rating on LinkedIn (NASDAQ: LNKD) and raises its price target to $95 from $86 a share on a wide-margin beat to Q4 earnings and higher-than-expected guidance for next quarter.

Collins Stewart says, "We are raising our 2012 EPS estimates by $0.14 to reflect latest guidance, and raising our price target to $95 (was $86). We believe LNKD has long-term growth opportunity from increasing its penetration of the recruiting market, as well as expansion in international and adjacent markets. In the near term, it has upside from improving employment situation in the US, and absolute user growth acceleration after crossing the 100M user inflection point."

LNKD closed at $76.39 a share on Thursday.

Posted-In: Collins StewartAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

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