UPDATE: Wedbush Reiterates Neutral Rating, Raises PT on LinkedIn Corporation on Q4 Beat
In a report published Friday, Wedbush reiterated its Neutral rating on LinkedIn Corporation (NYSE: LNKD), and raised its price target from $106.00 to $140.00.
Wedbush noted, “Q4 beat driven by Marketing Solutions. Revenue was $304 million, compared with our estimate of $282 million, consensus of $280 million, and guidance of $270 – 275 million. Talent Solutions revenue was $161 million, compared to our estimate of $161 million, Marketing Solutions revenue was $83 million, compared to our estimate of $66 million, and Premium Subscriptions revenue was $59 million, compared to our estimate of $56 million. Non-GAAP EPS was $0.35, versus our estimate of $0.24, and consensus of $0.19. LNKD does not provide EPS guidance.”
LinkedIn Corporation closed on Thursday at $124.09.
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