NEW YORK (TheStreet) -- LinkedIn
(LNKD - Get Report) stock's price target has been cut to $270 from $274, Credit Suisse said Friday. The firm also revised fiscal 2014 estimates for revenue and adjusted EBITDA to $2.13 billion and $517 million, respectively, from a previous $2.1 billion and $505 million. Analysts reiterated an "outperform" rating.
Also see: LinkedIn Slips on Lowball Guidance Yet Again
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Separately, TheStreet Ratings team rates LINKEDIN CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LINKEDIN CORP (LNKD) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, unimpressive growth in net income, disappointing return on equity and premium valuation."
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