LinkedIn breaks $150 even as analysts defend, upgrade


LinkedIn (LNKD -7.5%) hasn't received any downgrades since offering light guidance with its Q1 beat, and has even caught an upgrade to Buy from UBS. Eight firms have cut their PTs, but it's worth noting many of those targets were set when shares were soundly above $200.

UBS' Eric Sheridan asserts LinkedIn now offers "one of the best risk/rewards in our coverage universe," and notes it still has “a first mover (and sustainable) advantage as a social network for the professional community on a global scale.” His PT remains at $225.

BMO calls Q1 "a non-event," and is upbeat about recently-acquired Bright's ability to help LinkedIn "better match employers to job seekers," and perhaps eventually connect salespeople to leads. FBN observes LinkedIn is usually conservative with its guidance, and that mobile now accounts for 43% of unique visitors.

Raymond James remains positive on LinkedIn's potential, but also notes Talent Solutions customer adds (1,400) missed Street expectations, and considers shares "fairly valued" at 8x 2014E EV/sales. FBR (PT cut to $141 from $190) worries management comments point to slowing engagement and revenue growth.

Q1 results, guidance/details, CC transcript

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Comments (5)
  • labas112
    , contributor
    Comments (531) | Send Message
     
    How can UBS honestly keep their target price at $225? What a joke?
    2 May 2014, 03:50 PM Reply Like
  • Lares Capital
    , contributor
    Comments (438) | Send Message
     
    UBS' Eric Sheridan asserts LinkedIn now offers "one of the best risk/rewards in our coverage universe,"

     

    Love it! He is probably right since his coverage universe is something like P, TWTR, and 3D printing companies.
    2 May 2014, 03:50 PM Reply Like
  • Durwood Dugger
    , contributor
    Comments (500) | Send Message
     
    As an employer and LNKD member I have now used LNKD "professional profiles" to acquire and assess a large number LNKD professional candidates for a food production technologist position. After briefly perusing the profiles I see that I have - two cats, six dogs. a parakeet, one hamster (location apparently now unknown), three dead people and a very large of number of people whose backgrounds in their claimed fields that were totally exaggerated - if not complete fabrications. As an individual who has never purchased a product or service advertised on LNKD and in fact one that can't tell you the name of any company with paid advertising there beyond LNKD itself - I find LNKD stock values, pronouncements regarding its indispensable future to global business, those that make these claims while promoting investment in LNKD's absurd valuations, and those that are taken in with said claims to be remarkably incompetent - to the point of being humorous and amusing.
    2 May 2014, 04:28 PM Reply Like
  • DrKnow
    , contributor
    Comments (41) | Send Message
     
    Calling all Muppets, linkedIN needs you.

     

    How much profit has been taken by company and insiders since IPO ?
    How about over $5 Billion.

     

    How much has company made in profit as a public company ?
    Negligible.

     

    Now, that's BULLISH.
    2 May 2014, 07:54 PM Reply Like
  • 22643611
    , contributor
    Comments (2099) | Send Message
     
    Analysts have no rules other than try to sucker the retail investor in to their
    bad stock calls while themselves exiting upon every uptick.
    2 May 2014, 09:20 PM Reply Like
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