New Buy Recommendation for This Technology Giant

RBC Capital analyst Mark Mahaney reiterated a Buy rating on LinkedIn (NYSE: LNKD) today and set a price target of $300. The company’s shares opened today at $240.24.

Currently, the analyst consensus on LinkedIn is Strong Buy and the average price target is $270.91, representing a 12.8% upside. In a report issued on October 28, BGC Partners also upgraded the stock to Buy with a $250 price target.

The company has a one year high of $276.18 and a one year low of $165.57. Currently, LinkedIn has an average volume of 1.86M.

Unlike RBC Capital`s latest rating, based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2015, Michael John Callahan, a the VP, GC & Sec of LNKD sold 3,984 shares for a total of $747,000.

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 21.5% and a 65.2% success rate. Mahaney covers the Technology sector, focusing on stocks such as Quotient Technology Inc, IAC/InterActiveCorp, and Angie’s List Inc.

LinkedIn Corp operates a social networking website used for professional networking. The Company’s website allows members to post a profile of their professional expertise and accomplishments.

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