NEW YORK (TheStreet) -- LinkedIn (LNKD) stock has been reiterated as a "buy" with a $240 price target, Cantor Fitzgerald said Monday. The firm said it expects LinkedIn to deliver strong first-quarter results when it reports after the bell Thursday.
In a report, analysts said positive results would likely be "driven by strong double-digit growth across all three business segments."
"We remain positive on the stock into earnings, given the company's large addressable markets, its well established business model, and recent share pullback (down ~19% YTD and ~25% off January highs)," analyst Youssef Squali wrote in the report.
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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: