Market Overview

UPDATE: Jefferies Raises PT to $175 on LinkedIn Following Strong Quarterly Results

Share:
Related LNKD
Hummer Winblad's Top 3 Tech Stock Picks: Google, LinkedIn And Salesforce
Benzinga's Top Upgrades
How To Trade Stocks: Shaken Out? You Can Get Back In (Investor's Business Daily)

Jefferies reiterated its Buy rating on LinkedIn (NASDAQ: LNKD) and raised the price target from $150.00 to $175.00.

Jefferies noted, "We reiterate our Buy and raise our PT to $175 following another beat and raise quarter. All three segments performed materially better than optimistic expectations, and we continue to see long secular runways for growth. … r. Rev grew +81% Y/Y to $303M ($299M adjusted for outside field sales rev), ahead of $280M cons/$272M guidance. EBITDA grew +128% Y/Y to $78.5M (25.9% margin), significantly ahead of $62.5M for cons/$59M guidance. LinkedIn now has over 200M monthly users."

LinkedIn closed at $124.09 on Thursday.

Latest Ratings for LNKD

DateFirmActionFromTo
Jan 2015Raymond JamesUpgradesMarket PerformStrong Buy
Dec 2014Wells FargoInitiates Coverage onOutperform
Nov 2014Monness Crespi HardtInitiates Coverage onBuy

View More Analyst Ratings for LNKD
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (LNKD)

Around the Web, We're Loving...

Get Benzinga's Newsletters