LinkedIn Price Target Raised At FBR Capital

Analysts at FBR Capital raised the price target on LinkedIn Corp (NYSE: LNKD) from $156 to $180 and maintained a Market Perform rating.

LinkedIn on Thursday reported upbeat earnings, beating top and bottom line estimates.

William Bird highlights key points from the quarter:

• Bird feels the positive results offset lower fourth quarter guidance.
• Substantial upside leakage to SBC.
• User engagement was stable to positive.
• Talent solutions saw high sustained customer additions.
• Sponsored Updates now makes up 31% of Marketing Solutions revenue and grew ~14% quarter over quarter.
• Sales Navigator appears to be processing well.

Shares of LinkedIn recently traded at $226.66, up 11.6 percent.