LinkedIn Corp Upgraded Ahead Of Earnings

LinkedIn Corp Upgraded Ahead Of Earnings

LinkedIn is scheduled to release its next earnings report on July 30, and consensus estimates suggest it will post earnings of 30 cents per share on $679.8 million in revenue. Barclays analysts have upgraded the social network, saying they think the issues that weighed on its first quarter earnings are “transitory” rather than “structural.

LinkedIn upgraded to Overweight

In a report dated July 15, analyst Paul Vogel and his team said they raised their price target for LinkedIn from $225 to $250 per share and upgraded the stock from Equal Weight to Overweight. They note that macro issues have become one of the big drivers of stock prices all across Wall Street, although some of those issues appear to have been resolved within the last week.

As a result, they think earnings estimates for many companies have been bumped up a bit. They note that the second quarter is typically seasonally slow, and they believe the second half of the year will have a greater impact than the June quarter report on earnings going forward.

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