Information Provided By:
Fly News Breaks for May 1, 2015
LNKD
May 1, 2015 | 06:58 EDT
JPMorgan analyst Doug Anmuth views the 20% post-earnings pullback in shares in LinkedIn as overdone and sees a "compelling" buying opportunity at current levels. Anmuth notes that of the $155M in lower EBITDA guidance, 80% is due to currency and the Lynda.com deal, which he views as a "highly strategic" acquisition. As such, the analyst believes the headline numbers look "far worse" than LinkedIn's actual business fundamentals. Anmuth reiterates an Overweight rating on LinkedIn with a $300 price target. The stock is trading down $51.00 to $201.13 in the pre-market.
News For LNKD From the Last 2 Days
There are no results for your query LNKD