Cantor Remains Bullish On LinkedIn On The Back Of Strong 3Q14 Results; Raises PT To $255
In a research report issued this morning, Cantor analyst Youssef Squali maintained a Buy rating on LinkedIn Corp (NYSE:LNKD) and slightly raised his price target to $255 (from $250), following the company’s third-quarter earnings results that were comfortably ahead of Street consensus and the high end of guidance.
Squali noted, “We’re maintaining a BUY rating on the back of strong 3Q:14 results, with revenue/EBITDA exceeding consensus estimates by 2%/7%, respectively. While 4Q:14 guidance is likely conservative, 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.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 27.3% and a 67.9% success rate. Squali has a 4.1% average return when recommending LNKD, and is ranked #6 out of 3354 analysts.