Analysts at Wunderlich hoisted their price target on shares of LinkedIn Corp. (NASDAQ:LNKD) from $225.00 to $250.00 in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Wunderlich’s target price suggests a potential upside of 6.12% from the stock’s previous close.
Shares of LinkedIn Corp. (NASDAQ:LNKD) opened at 235.58 on Tuesday. LinkedIn Corp. has a one year low of $88.00 and a one year high of $187.13. The stock’s 50-day moving average is currently $176.3. The company has a market cap of $26.200 billion and a P/E ratio of 906.08.
LinkedIn Corp. (NASDAQ:LNKD) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.07. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $354.01 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 59.4% on a year-over-year basis. Analysts expect that LinkedIn Corp. will post $1.51 EPS for the current fiscal year.
One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $215.79.
In other LinkedIn Corp. news, VP Erika Rottenberg sold 4,000 shares of LinkedIn Corp. stock on the open market in a transaction dated Thursday, August 1st. The shares were sold at an average price of $207.50, for a total transaction of $830,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.
