Market Overview

UPDATE: Goldman Sachs Raises PT to $220 on LinkedIn Corporation

Share:
Related LNKD
Twitter Innovations Fail To Address Platform's Achilles Heel
State Street Introduces Internet, Hardware ETFs
The Vetr community has downgraded $LNKD to 3-Stars (Vetr)

Goldman Sachs maintained LinkedIn Corporation (NYSE: LNKD) with a Buy and raised the price target from $157.00 to $220.00.

Goldman Sachs analyst Heath P. Terry noted, "We believe despite recent upward revisions to consensus, expectations for LinkedIn remain overly conservative, particularly related to the opportunities in the company's marketing segment. As accelerating user growth continues, engagement improves, and mobile usage drives inventory growth and LinkedIn is able to drive monetization improvements by leveraging the data generated by users and their interactions, we believe the acceleration in growth the company reported in Q4 is likely to become more common. We believe this upside will more than justify the stock's premium valuation."

LinkedIn Corporation closed at $179.27 on Wednesday.

Latest Ratings for LNKD

DateFirmActionFromTo
Jun 2016UBSDowngradesBuyNeutral
Jun 2016RBC CapitalDowngradesOutperformSector Perform
Jun 2016Cantor FitzgeraldDowngradesBuyHold

View More Analyst Ratings for LNKD
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (LNKD)

View Comments and Join the Discussion!