LinkedIn upside momentum to continue in Q3, says Piper Jaffray

theflyonthewall.com

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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