* Canaccord Genuity ups price target to $135 from $95
* Barclays raises price target to $125 from $93
* Citigroup lifts price target to $125 from $90
* Evercore raises price target to $115 from $100
May 4 Shares of LinkedIn Corp rose 10
percent in premarket trade after the company posted strong
first-quarter results, and analysts forecast bigger profits
ahead as the professional networking site engages its members
Six brokerages raised their price target on LinkedIn after
it posted stellar first-quarter results on Thursday, powered by
strong growth from its services that help companies find and
"LinkedIn is disrupting both the online and offline job
recruitment markets, and deeper corporate penetration and
increasing member engagement will drive strong results going
forward," J.P. Morgan Securities' analyst Doug Anmuth said.
LinkedIn -- which makes money by selling services and
subscriptions to companies looking for new recruits -- now has
more than 161 million members worldwide.
"We believe LinkedIn's member network is creating a pull
that is solidifying its product set as a must-have for human
resources professionals," said Canaccord Genuity analyst Michael
Graham, who raised his price target on the stock to $135 from
LinkedIn also raised its 2012 revenue view and announced a
$118.75 million acquisition.
"The company is clearly on a very solid growth trajectory,
which this quarter's revenue performance amply demonstrated,"
said Evercore Partners' analyst Ken Sena, who is rated five
stars by Thomson Reuters StarMine for the accuracy of his
earnings estimates on LinkedIn.
Analysts at JP Morgan, Evercore Partners, Barclays Capital
and Citigroup also raised their price target on the stock.
LinkedIn, which went public last year, was one of the first
prominent U.S. social networking sites to come out with an
initial public offering, whetting appetites ahead of Facebook's
big offering this year.
According to Thomson Reuters StarMine, two analysts rate the
stock "strong buy," eight rate it "buy," 11 have a "hold," and
only one rates it a "sell." The mean price target on the stock