UPDATE: JG Capital Initiates LinkedIn Corporation at Neutral on Earnings Expectations
JG Capital initiated coverage on LinkedIn Corporation (NYSE: LNKD) with a Neutral rating and a $135.00 price target.
JG Capital commented, "LinkedIn.com is the world's largest professional social network with >187mm members, growing significantly from 2mm members in 2004. Given LNKD's TAM of professionals worldwide is 640mm, we think there is still a tremendous growth opportunity. … We think EBITDA margins can increase to 30%+ in the next five years, driven by highmargin self-service advertising, subs revenue and leverage. … While we love LNKD's business, we are concerned with very high expectations coming into the results on Feb 7th."
LinkedIn Corporation closed at $120.26 on Wednesday.
Latest Ratings for LNKD
Date | Firm | Action | From | To |
---|---|---|---|---|
Jul 2016 | Maintains | Neutral | ||
Jun 2016 | Downgrades | Outperform | Sector Perform | |
Jun 2016 | Downgrades | Buy | Neutral |
View More Analyst Ratings for LNKD
View the Latest Analyst Ratings
Posted-In: JG CapitalAnalyst Color Initiation Intraday Update Analyst Ratings
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.