LinkedIn Defended On Street Despite Target Cuts

By | May 2, 2014

Scalper1 News

Professional-networking giant LinkedIn (LNKD) got several price-target cuts Friday after its Q1 report late Thursday, but most analysts still liked its longer-term outlook. Shares fell 5% on the stock market today. LinkedIn’s Q1 earnings beat estimates but its guidance missed as its earnings growth came to a halt. “While fundamentals remain strong, LNKD is appropriately investing for the long term; hence we boosted 2015-19 cost assumptions, Scalper1 News

Scalper1 News