Cantor Raises LinkedIn Price Target On The Back Of Strong Quarter Results And Conservative Outlook
Cantor analyst Youssef Squali weighed in today with a favorable report on LinkedIn Corp (NYSE:LNKD), as the company’s fourth-quarter results topped Street consensus by 4%/12% for revenue/Adj. EBITDA, respectively. The analyst raised the price target to $280 (from $255) and reiterated a Buy rating on the stock.
Squali noted, “While FY:15 guidance looks conservative to us, steady improvement in member metrics, sustainable growth in corporate customers and ARPU, and new products (particularly Sales Navigator) should continue to drive outsized revenue growth/margin expansion over time.”
Shares of LinkedIn Corp opened today at $237.97 and are currently trading up at $267.57. LNKD has a 1-year high of $272.96 and a 1-year low of $136.02. The stock’s 50-day moving average is $226.47 and it’s 200-day moving average is $215.26.
3 research analysts have assigned a Hold rating and 9 research analysts have given a Buy rating on the stock. When considering if perhaps the stock is under or overvalued, the average price target is $237.97, which is 10.6% above where the stock opened today.