LinkedIn (LNKD) has lost nearly half its value and the stock is still overvalued, yet analysts...

|By:, SA News Editor

LinkedIn (LNKD) has lost nearly half its value and the stock is still overvalued, yet analysts keep recommending it. Why? And why do its underwriters, who valued LNKD at $45/share when it set the offering price, now say the stock is worth twice as much just six months later? (I, II) It may be Netflix redux: Analysts don't want to look bad by telling clients to sell a stock that keeps rising - even when they know better.