UPDATE: Cantor Fitzgerald Upgrades LinkedIn Corp. to Buy, Raises PT on Great Long-Term Outlook

In a report published Friday, Cantor Fitzgerald analyst Youssef Squali upgraded the rating on

from Hold to Buy, and raised the price target from $170.00 to $250.00. In the report, Cantor Fitzgerald noted, “While we don't like chasing runaway stocks (and LNKD has certainly been one), we don't mind being forced to do so in rare cases where a company keeps outperforming expectations and where the long-term outlook keeps getting better with every passing quarter—we believe LNKD is one of these rare cases. We're upgrading LNKD to BUY from HOLD with a $250 PT, up from $170.” LinkedIn Corp. closed on Thursday at $213.00.