Why Has Nomura Given LinkedIn (NYSE:LNKD) a $290.0 Price Target
In a recent report announced today, Nomura analysts have started LinkedIn (NYSE:LNKD) coverage with Buy rating, and a $290.0 target price.
From a total of 40 analysts covering LinkedIn (NYSE:LNKD) stock, 35 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $330 while the lowest target price is $189. The mean of all analyst targets is $279.93 with a 5.36% above today’s ($240.09) stock price. LinkedIn was the topic of 24 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on November 10 with “Buy” rating. FBR Capital maintained shares with “Mkt Perform” rating and $189 target share price in a report from an October 30. UBS maintained LNKD stock in a recent report from October 30 with “Buy” rating. Axiom Capital maintained the rating on October 30. Axiom Capital has a “Buy” rating and a $285 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on an October 30.
Approximately 442,507 shares of stock traded hands. LinkedIn Corp (NYSE:LNKD) has risen 16.68% since May 1, 2015 and is uptrending. It has outperformed by 19.46% the S&P500.
LinkedIn Corporation is a professional network on the Internet. The company has a market cap of $31.20 billion. The Company’s three product lines include Talent Solutions, Marketing Solutions and Premium Subscriptions. It currently has negative earnings. All three product lines are sold through two channels, an offline field sales organization, which engages with both large and small enterprise customers, as well as an online, self-serve channel, which includes enterprise clients and individual members purchasing subscriptions.
According to Zacks Investment Research, “LinkedIn Corporation is an online professional network which allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform also provides members with applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information. LinkedIn also offers services like hiring solutions, marketing solutions and other services. LinkedIn Corporation is headquartered in Mountain View, California.” Get a free copy of the Zacks research report on LinkedIn Corp (LNKD).