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Fly News Breaks for February 5, 2016
LNKD
Feb 5, 2016 | 06:01 EDT
Piper Jaffray analyst Gene Munster attributes the post-earnings pullback in shares of LinkedIn to the company's softer than typical guidance for Q1 and 2016. Investors are concerned with management commentary for Talent Solutions revenue to grow in an implied low-20% range in 2016, a deceleration from 32% in Q4, Munster tells investors in a post-earnings research note. The analyst expects shares to be range bound until LinkedIn reports Q1 results but he remains a believer in the company's long-term story. Munster cut his price target for the shares to $175 from $287 and keeps an Overweight rating on the name.
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