Facebook (FB) shares are up 3.5% on the stock market today after analysts at Cowen issued positive comments about the company’s photo-sharing app Instagram. Meanwhile, LinkedIn (LNKD) is holding near post-breakout levels, and Twitter (TWTR) is building a base. Watch this video for detailed chart analysis of Facebook, which is getting closer to a buy point. Follow Alissa Williams on Twitter: @IBD_AWilliams.
LinkedIn (LNKD) is garnering more support among analysts after the the social network for professionals last week easily topped Wall Street’s Q4 earnings expectations. At least four investment banks boosted their price targets on LinkedIn stock on Monday, and others already had done so since Thursday’s earnings release. On Monday, CRT Capital increased its price target to 315 from 250 and maintained its buy rating. Wunderlich Securities hiked its
LinkedIn (LNKD) received multiple price target hikes Friday as the stock hit a new high following its fourth-quarter earnings report late Thursday, which surpassed expectations. The price upgrades came even though LinkedIn had guided first-quarter earnings below analyst consensus estimates, though full-year 2015 guidance was in line. LinkedIn has a history of guiding conservatively and then beating estimates. Several analysts rate LinkedIn as one