LinkedIn Corporation (LNKD) : The highest short term price target forecast on LinkedIn Corporation (LNKD) is $300 and the lowest target price is $130. A total of 23 equity analysts are currently covering the company. The average price of all the analysts is $197.96 with a standard deviation of $38.66.
LinkedIn Corporation (LNKD) stated loss of 2,276,584 shares or 50.2% in the short interest. The short interest registered from 4,538,090 on June 15,2016 to 2,261,506 on June 30,2016. In terms of floated shares, the shorted positions stood at 1.9%. The stock has been averaging 3,564,406 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, UBS downgrades their rating on the shares of LinkedIn Corporation (NYSE:LNKD). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm raises the price target to $196 per share from $175 per share. The rating by the firm was issued on June 15, 2016.
LinkedIn Corporation (NYSE:LNKD): On Thursdays trading session , Opening price of the stock was $189.9 with an intraday high of $190. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $189.11. However, the stock managed to close at $189.31, a loss of 0.29% for the day. On the previous day, the stock had closed at $189.86. The total traded volume of the day was 2,220,507 shares.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet. The Companys three product lines include Talent Solutions, Marketing Solutions and Premium Subscriptions. All three product lines are sold through two channels, an offline field sales organization, which engages with both large and small enterprise customers, as well as an online, self-serve channel, which includes enterprise customers and individual members purchasing subscriptions. The Companys solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity, service to build and engage with professional networks, access to knowledge, insights and opportunities and ubiquitous access. The Company also provides other solutions, which provide members, enterprises and professional organizations with functionality and additional benefits.