Topeka Capital Reiterates Buy On LinkedIn Following 2Q14 Earnings Results

In a research note released this morning, Topeka Capital analyst Victor Anthony reiterated a Buy rating on LinkedIn (LNKD), with a $230 price target, following LNKD’s second quarter results that were above the analyst estimates and consensus, and with guidance that was cleanly raised above consensus.

Anthony wrote, “We continue to see an opportunity for more beat and raise quarters with guidance that could top Street expectations as LNKD executes. Longer-term we see LinkedIn benefiting financially from investments in R&D, Sales Solutions, Sponsored content, and China”. He added, “Our $230 price target is based on a 30x multiple to our 2015 EBITDA estimate. LNKD’s shares trade at 6.9x 2014 EV/Sales and 24x 2015 EV/EBITDA”.

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Victor Anthony has a 19.3% average return and a 66.7% success rate. Anthony has a 2.5% average return when recommending LNKD, and is ranked #55 out of 3195 analysts.

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