UPDATE: Wunderlich Raises PT on LinkedIn as Talent Solutions Should Continue to Shine
In a report published Thursday, Wunderlich Securities analyst Blake T. Harper reiterated a Buy rating on LinkedIn Corporation (NYSE: LNKD), and raised the price target from $250.00 to $280.00.
In the report, Wunderlich Securities noted, “We are raising our estimates and increasing our price target to $280 from $250 and reiterating our Buy rating on LinkedIn Corporation (LNKD). We believe Talent solutions results should continue to outperform growth expectations in Q3, based on strong job postings growth, pricing increases for Talent customers and strong engagement on the site. The Marketing business should also benefit from a more gradual increase of Sponsored updates in FY14, which have been tightly capped. We would also expect the company to more aggressively target new market opportunities and bolster its Talent, Marketing and Sales solutions with its $2 billion-plus cash balance following a successful share offering.”
LinkedIn Corporation closed on Wednesday at $246.69.
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