Axiom Initiates Buy on LinkedIn Corp; Sees 14% Upside for the Stock
In a research report published Friday, Axiom analyst Victor Anthony initiated coverage on shares of LinkedIn Corp (NYSE:LNKD), with a But rating and a price target of $300, which represents a potential upside of 14% from where the stock is currently trading.
Anthony wrote, "The shares have had an amazing run, up over 90% from lows over the past year. But we see reasons for continued share price appreciation, driven by multiple sources of potential outperformance across the segments, including Sales Navigator, Sponsored Updates, and growth of Talent Solutions. Margins should continue to expand despite investments to scale the platform. China holds long-term potential."
According to TipRanks.com, which measures analysts' and bloggers' success rate based on how their calls perform, analyst Victor Anthony has a total average return of 19.2% and a 74.6% success rate. Anthony has a 29.1% average return when recommending LNKD, and is ranked #45 out of 3535 analysts.