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LinkedIn Corporation Message Board

  • pressman_john pressman_john Oct 26, 2012 11:54 AM Flag

    Jaffray Ahead of Q3, LNKD UPSIDE momentum to Continue. $145 Target. LINK

    Fly On The Wall
    LinkedIn upside momentum to continue in Q3, says Piper Jaffray
    Fri, Oct 12, 2012 7:13 AM EDT
    Piper Jaffray said it is a buyer of LinkedIn shares ahead of the company's Q3 results in early November. The firm sees 3% upside to its revenue estimate of $240.1M from corporate solution client adds and premium subscription growth. The consensus revenue estimate is $243.36M. Piper reiterates an Overweight rating on LinkedIn with a $145 price target.

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    • mondomario Oct 26, 2012 12:09 PM Flag

      Things seem to have changed a tad since October 12th, "Pressman". We are now well into earnings season and there have been a large number of disappointments, especially with the forward forecast.

      This does not of course mean that LNKD will not see a price of $145. However, the price most certainly will not be linked to any rational view of fundamental analysis... so any two legged, upright walking mammal should think twice because there are only two scenarios. 1. the price will not go up because there is no justification or 2. the price will go up because the market is a fraud (neither of these give me confidence ... how about you?)

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