Piper Jaffray Reiterates Overweight on LinkedIn Corp Following TMT Conference
In a research report issued today, Piper Jaffray analyst Gene Munster reiterated an Overweight rating on LinkedIn Corp (NYSE:LNKD) with a $297 price target, after the company presented at the Piper Jaffray TMT Conference today. LinkedIn shares are currently trading at $265.42, down $1.79 or 0.67 percent
Munster noted, “Dan Roth, Executive Editor (heads content) at LinkedIn, participated in our conference today to highlight LinkedIn’s progress. Overall, Roth left us feeling confident in our thinking that engagement can continue to grow via improved and expanded content offerings. Beyond content, we believe core investor focus for shares of LNKD remains on Sales Navigator, which we continue to expect to ramp throughout CY15 and eventually be broken out as its own segment later this year.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gene Munster has a total average return of 29.6% and a 71.7% success rate. Munster has a 10.6% average return when recommending LNKD, and is ranked #2 out of 3508 analysts.