UPDATE: Morgan Stanley Raises PT on LinkedIn Corporation on Target Addressable Market
In a report published Wednesday, Morgan Stanley reiterated its Overweight rating on Linkedin Corporation (NYSE: LNKD), and raised its price target to $180.00.
Morgan Stanley noted, “The size of LinkedIn's TAM is the stock's primary debate. LinkedIn's recent share price appreciation may cause incremental investors to assess the long-term growth potential of its recruiting business to gain comfort with the stock's risk / reward at current price levels. The size of LinkedIn's TAM has been widely debated since the company went public, as it operates in a brand new segment of the long-established recruiting market.”
LinkedIn Corporation closed on Tuesday at $160.76.
Latest Ratings for LNKD
|Aug 2014||First Analysis||Initiates Coverage on||Overweight|
|Aug 2014||CRT Capital||Maintains||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.