Here's a Reason LinkedIn (LNKD) Stock is Higher Today

LinkedIn (LNKD) stock is up after Canaccord Genuity increased its price target to $300 from $285 with an unchanged 'buy' rating.
By Krysta Michaelides ,

NEW YORK (TheStreet) -- LinkedIn (LNKD)  stock is up 0.49% to $266.26 in morning trading on Thursday after Canaccord Genuity hiked its price target to $300 from $285 with an unchanged "buy" rating. 

"Recent management presentations and a series of investor meetings hosted by us reinforce our positive view on LinkedIn's business," analysts said.

With engagement and user experience continuing to improve, Canaccord noted that 2015 should see a major user experience overhaul that should take engagement higher still.  

In the short term, analysts see stability in talent solutions.  In the medium term, the firm said there is potential in the 'learning' segment and 'employment marketplace.'

"Marketing Solutions should hold the greatest potential for revenue upside this year, driven by continued growth in Sponsored Updates and the recent launch of the Bizo- enabled Lead Accelerator product," Canaccord analysts Michael Graham and Austin Modlow said about the professional network. 

In the coming quarters, analysts anticipate positive incremental "run rate" since adoption is progressing nicely.  

Canaccord expects earnings of $2.96 per share and total sales of $2.94 billion for the 2015 fiscal year.

Separately, TheStreet Ratings team rates LINKEDIN CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate LINKEDIN CORP (LNKD) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."

You can view the full analysis from the report here: LNKD Ratings Report

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