Seeking Alpha

LinkedIn (LNKD +3.1%) and OpenTable (OPEN +3.8%) jump out of the gate after Wunderlich starts...

LinkedIn (LNKD +3.1%) and OpenTable (OPEN +3.8%) jump out of the gate after Wunderlich starts coverage with Buy ratings. Also, Evercore's Ken Sena has raised his PT for LinkedIn to $200 from $160, arguing it should trade at multiples comparable to those of cloud software plays Workday and ServiceNow, and that of Salesforce shortly after its IPO (ed: the valuations of those firms have been criticized). Sena' reasoning: LinkedIn's subscription streams, addressable markets, and margin leverage "renders traditional earnings valuation metrics less meaningful."
Comments (5)
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    Haven't we heard the argument before?
    27 Feb 2013, 09:57 AM Reply Like
  • cabmaker
    , contributor
    Comments (129) | Send Message
     
    When will people get a clue that they have a PE that is off the chart and every director and officer is selling their shares as fast as they can. Check insiders selling and you will see that even the CFO is selling and no one knows the figures than him.
    27 Feb 2013, 10:51 AM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    sounds like a sell side "analysis" of Pets.com in 1999
    27 Feb 2013, 10:53 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5366) | Send Message
     
    As long as the job search is on, (LNKD) will do fine.
    27 Feb 2013, 11:33 AM Reply Like
  • cabmaker
    , contributor
    Comments (129) | Send Message
     
    With the Securities firm of Wunderlich raising the price target to $200 you can't help to wonder who is getting the liking.
    27 Feb 2013, 01:11 PM Reply Like
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