LinkedIn Corporation (LNKD) : Analyst Rating Update

LinkedIn Corporation (LNKD) : The consensus on LinkedIn Corporation (LNKD) based on 32 analyst recommendation on the company stock is 2.75, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 26 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

LinkedIn Corporation (LNKD) : 23 investment research analysts covering LinkedIn Corporation (LNKD) have an average price target of $197.96 for the near short term. The highest target price given by the Brokerage Firm to the stock is $300 and the lowest target is $130 for the short term. Analysts expect the variance to be within $38.66 of the average price.

LinkedIn Corporation (NYSE:LNKD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $189.96 and $189.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $190.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $190.45, notching a gain of 0.23% for the day. The total traded volume was 1,586,011 . The stock had closed at $190.01 on the previous day.

Also, Brokerage firm UBS downgrades its rating on LinkedIn Corporation (NYSE:LNKD). As per the latest information, the brokerage house raises the price target to $196 per share from a prior target of $175. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 15, 2016. The company shares have dropped -7.48% from its 1 Year high price. On Nov 12, 2015, the shares registered one year high at $258.39 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $159.27 and the 200 Day Moving Average price is recorded at $148.41.

LinkedIn Corporation (LinkedIn) is a professional network on the Internet. The Companys three product lines include Talent Solutions, Marketing Solutions and Premium Subscriptions. 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 customers and individual members purchasing subscriptions. The Companys solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity, service to build and engage with professional networks, access to knowledge, insights and opportunities and ubiquitous access. The Company also provides other solutions, which provide members, enterprises and professional organizations with functionality and additional benefits.

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