Equities research analysts at Jefferies Group set a $215.00 price target on shares of Linkedin (NASDAQ: LNKD) stock in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a a “buy” rating on the stock.
The analysts wrote, “We reiterate our Buy and raise our PT primarily to reflect marketing segment and talent solutions upside. As LNKD increases the availability of content on its platform to drive engagement, we believe the marketing segment will outperform current expectations. And with an impending price hike in April, we expect to see a front-load benefit in LinkedIn’s Talent Solutions segment.”
A number of other analysts have also recently weighed in on LNKD. Analysts at RBC Capital initiated coverage on shares of Linkedin in a research note to investors on Thursday, March 21st. They set a “sector perform” rating and a $190.00 price target on the stock. Separately, analysts at TheStreet reiterated a “sell” rating on shares of Linkedin in a research note to investors on Tuesday, March 19th. Finally, analysts at Goldman Sachs raised their price target on shares of Linkedin from $157.00 to $220.00 in a research note to investors on Thursday, March 14th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the stock. Linkedin has a consensus rating of “Hold” and an average price target of $164.00.
Linkedin (NASDAQ: LNKD) traded down 0.73% on Monday, hitting $174.77. Linkedin has a 52-week low of $88.00 and a 52-week high of $184.15. The stock’s 50-day moving average is currently $167.9. The company has a market cap of $19.059 billion and a price-to-earnings ratio of 916.98.
Linkedin (NASDAQ: LNKD) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.16. The company had revenue of $303.60 million for the quarter, compared to the consensus estimate of $279.50 million. During the same quarter last year, the company posted $0.12 earnings per share. Linkedin’s revenue was up 81.0% compared to the same quarter last year. Analysts expect that Linkedin will post $1.34 EPS for the current fiscal year.
LinkedIn Corporation (NASDAQ: LNKD) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.