February 12, 2013- LinkedIn (LNKD) is a social networking website that exists to help business professionals connect with one another. It is also a site which continuously outperforms estimates for it made by industry analysts.
Its stock value rose by a whopping twenty one percent in trading last Friday on results that easily topped forecasts made by analysts for the seventh straight quarter.
That’s impressive performance and it was backed up by news from a LinkedIn spokesman that the company actually reported an eight percent increase in fourth quarter revenue and has confidently predicted that the strong showing will continue unabated throughout the first quarter of 2013.
A number of stock research firms have increased their Price Targets for this incredibly successful organization.
What’s more, Macquarie analyst Tom White has raised his adjusted earnings forecast to 25.4% from 24.7%.
The company’s stock is popular with bullish investors and it continues to trade well above its debut price or initial price offering of forty five dollars.
Founded in 2002, LinkedIn is still under its original leadership and its founder and Chief Executive Officer owns a $2.6 billion stake in the company and its future.