Seeking Alpha

Facebook tops $50, LinkedIn nears high following more bullish notes

  • With analysts continuing to jump over each other to provide bullish commentary for the social networking giants, Facebook (FB +1.9%) has crossed $50 for the first time, and LinkedIn (LNKD +3.1%) is drawing closer to its all-time high of $257.56.
  • Goldman's Heather Bellini has raised her Facebook PT to $58 from $52. She says talks at this week's AdWeek 2013 conference suggest "positive sentiment by attendees toward Facebook's ad products, the successful case studies the company's advertisers presented, and the company's increasing commitment to serving advertisers' needs."
  • Jefferies' Brian Pitz has raised his Facebook PT all the way to $60 from $37, while arguing there's still plenty of room for Facebook to grow its adjusted op. margin from a current 44%.
  • Wunderlich's Blake T. Harper has raised his LinkedIn PT to $280 from $250 (matching Evercore's recent move). He predicts LinkedIn's Talent Solutions (jobs) business will beat expectations again in Q3, thanks to strong job listings growth, price hikes, and growing engagement.
  • Talent Solutions made up 56% of LinkedIn's Q2 revenue, and saw 69% Y/Y sales growth.
Comments (12)
  • wapiti
    , contributor
    Comments (698) | Send Message
    Amazingly , NO one cares about type vaulations. This too will end UGLY
    26 Sep 2013, 02:12 PM Reply Like
  • bronchiti
    , contributor
    Comments (50) | Send Message
    I was thinking about the comparisons between the ".com bubble" too
    26 Sep 2013, 02:36 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
    Vauations don't matter anymore! NOT!! they will but it will be too late for the sheep who buy at any price just b/c the stocks dejour have MOMO Greater Fool theory is hard at work right now! Will Cramer say I told u to get out? NO
    26 Sep 2013, 02:46 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (3759) | Send Message
    the pigs being led to slaughter. Bulls and bears make money, but pigs get slaughtered. There is just way too much positive sentiment in these names.
    26 Sep 2013, 03:16 PM Reply Like
  • bgold1955
    , contributor
    Comments (1930) | Send Message
    Most .com stocks that took the hit and went out of business did not have $5b in revenues like FB did in 2012.
    26 Sep 2013, 03:34 PM Reply Like
  • vandeley
    , contributor
    Comments (108) | Send Message
    I don't think anyone is saying FB will go out of business, but FB is getting upgraded when it already has a market cap of $120 bil and only $5bil of revenue. That's expensive and basically everything has to go perfect for FB to eventually grow into this valuation.
    27 Sep 2013, 04:57 AM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
    Anybody know anything on $LL being served a search warrant at HQ today?
    26 Sep 2013, 04:18 PM Reply Like
  • andrewvancity
    , contributor
    Comments (17) | Send Message
    who clicks on FB ads? I can see the value and longevity of lkdn but FB wouldn't bakc that horse.
    26 Sep 2013, 05:09 PM Reply Like
  • Dcharlesanders1
    , contributor
    Comments (3) | Send Message
    Coming from a real novice here didn't FB share price increase substantially once the ad revenue results came in? And aren't they expecting significant, continued growth in this area? Thanks for commenting.
    26 Sep 2013, 05:10 PM Reply Like
  • bgold1955
    , contributor
    Comments (1930) | Send Message
    Dcharles.... Yes you are correct. Analyst are excited about the upcoming video clips to debut soon. Although I am cautious of analyst optimism, I am a hard bull in their huge moat. That moat can be drained over time but, IMO, they seem to be heading in the right direction at this time and their customer base continues to grow.
    27 Sep 2013, 11:02 AM Reply Like
  • 2puttwo
    , contributor
    Comments (390) | Send Message
    Don't the Fortune 500 CEO's know they are throwing their stockholders money away when they advertise on mobile. I'm on it a lot and can't tell you one company that advertises on it. I do know the X corporation, I click on it about 90% of the time. The Skip Corporation is my 2nd favorite Corporation, I click on it about 8% . That leaves 2%. 1% goes to the Next Corporation, which leaves mis Clicks. I guess my question to all those CEO's is, why would you flush good money down the Lu for some advertising salesman or woman (I think woman are better at seducing sales) selling you a bunch of mis clicks when 99% of the market does not want to be bothered. Kind of like you, when some goofy salesman stops by your company and you tell them to get lost! I have better things to do on my phone than to click on ads, like talk to all those hot salesgirls.
    26 Sep 2013, 05:12 PM Reply Like
  • RobbyRob
    , contributor
    Comments (358) | Send Message
    Are these price targets one year targets or one month targets? The social media phenomenon is getting rather frothy from any valuation standpoint. FB and LNKD actually need to grow into their current valuations, not vice versa. Buyer beware.
    27 Sep 2013, 12:45 PM Reply Like
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