LinkedIn (LNKD) Target Raised

LinkedIn Corp (LNKD) was one of today’s notable pre-market movers, up as much as 17 points, or 9 percent. The spike comes after the online professional network reported second-quarter earnings per share and revenues that were 23%, and 3% ahead of estimates, respectively. Following the co.’s solid Q2’14 results, analysts at Telsey Advisory Group raised their LNKD target price to $245 from $205. The new PT points to a potential upside of 35.62% from the stock’s previous close.

A number of other investment firms have also come out with their opinions about the name. In a note to investors this morning analysts at Wunderlich Secuirities maintained their ‘Buy’ rating, placing a price target of $250 on the shares of LinkedIn. Analysts at Pacific Crest also raised their LinkedIn target to $250.00 from $220.00. Separately, in a note on June 26, analysts at Barclays (BCS) initiated coverage on LNKD with an ‘Equal-weight’ rating and a $175.00 price target. Finally, Credit Suisse (CS) and SunTrust Robinson Humphrey analysts maintained their ‘Outperform’ and ‘Buy’ LNKD ratings, respectively, in a research note issued to investors on Friday, May 2nd. Both firms placed a $270.00 and $225.00 price target, respectively.

LinkedIn Corp currently trades at a forward P/E of 72.55 and a P/E to growth ratio of 3.09. The median Wall Street price target on the company’s stock is $225.00 with a high target of $280.00.

Profitability-wise LinkedIn has a trailing-12 profit margin that currently is in the red at (-0.55%). Operating ones are at 1.40%. The $23.83 billion market cap company reported $2.31 billion in cash vs. $0 in debt in its most recent quarter. LinkedIn has a 52 week low of $136.02 and a 52 week high of $257.56. The stock’s 50-day moving average is $167.72 and its 200-day moving average is $179.22.

The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.

In today’s session, the equity is changing hands at $195.48 a share. LNKD is down 8.33% year-over-year, and 9.95% year-to-date.

LinkedIn Corporation operates an online professional network. The company was founded in 2002 and is headquartered in Mountain View, California.

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