SunTrust's Bob Peck Raises Price Target On LinkedIn Following Q2 Earnings
Early Friday morning, SunTrust's Bob Peck has issued a report in which he raised his price target on LinkedIn (NYSE: LNKD) from $225 to $240 and reiterated a Buy rating on the stock.
Peck commented, "We think LinkedIn is uniquely positioned to create a PaaS for professionals in the B2B and B2C markets."
Looking forward, Peck has raised his 2014 revenue and EBITDA estimates from $2.11 billion and $518 million to $2.16 billion and $551 million, respectively.
The Street appears to share Peck's optimism as shares of LinkedIn are up more than eight percent in the pre-market session.
Latest Ratings for LNKD
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 2016 | Citigroup | Maintains | Neutral | |
| Jun 2016 | RBC Capital | Downgrades | Outperform | Sector Perform |
| Jun 2016 | UBS | Downgrades | Buy | Neutral |
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