Analysts at FBR Capital raised the price target on LinkedIn Corp (NYSE: LNKD) from $156 to $180 and maintained a Market Perform rating.
LinkedIn on Thursday reported upbeat earnings, beating top and bottom line estimates.
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William Bird highlights key points from the quarter:
- Bird feels the positive results offset lower fourth quarter guidance.
- Substantial upside leakage to SBC.
- User engagement was stable to positive.
- Talent solutions saw high sustained customer additions.
- Sponsored Updates now makes up 31% of Marketing Solutions revenue and grew ~14% quarter over quarter.
- Sales Navigator appears to be processing well.
Shares of LinkedIn recently traded at $226.66, up 11.6 percent.
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