Market Overview

UPDATE: Sterne Agee Initiates LinkedIn Corporation at Neutral on Valuation

Related LNKD
Bank Of America: Tech Will Lead The Charge In 2015
LinkedIn Shares Connecting With Bullish Investors
Tech Rewind: Uber Stirs Up the Pot ... Again (Fox Business)

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
Nov 2014Monness Crespi HardtInitiates Coverage onBuy
Oct 2014Canaccord GenuityMaintainsBuy
Oct 2014CRT CapitalReiteratesBuy

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters