Market Overview

UPDATE: Sterne Agee Initiates LinkedIn Corporation at Neutral on Valuation

Share:
Related LNKD
Benzinga's M&A Chatter for Wednesday February 10, 2016
The Collapse Of LinkedIn Investor Wealth In 1 Chart
Facebook, Alphabet, LinkedIn: Which Makes The Warren Buffett Screen? (Investor's Business Daily)

Sterne Agee initiated overage on LinkedIn Corporation (NYSE: LNKD) with a Neutral rating.

Sterne Agee commented, "We are positive on the company's fundamentals but believe the current stock price already reflects this enthusiasm. The stock is up 67% in the last 12 months, does not have a single Sell/Underperform rating and is already trading at a 59% /112% premium to its peer group based on EV to EBITDA (2014E) and EV to Sales (2014) bases, respectively. Given this valuation, we would look to be constructive on the stock on pullbacks."

LinkedIn Corporation closed at $119.02 on Friday.

Latest Ratings for LNKD

DateFirmActionFromTo
Feb 2016ForwardView ConsultingDowngradesStrong BuySpeculative Buy
Feb 2016BarclaysMaintainsOverweight
Feb 2016Credit SuisseMaintainsOutperform

View More Analyst Ratings for LNKD
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (LNKD)

View Comments and Join the Discussion!

Get Benzinga's Newsletters