LinkedIn Corporation (NYSE: LNKD) does not really depend upon the ratings of the United States or the European Union. Not unless business comes to a halt to the point that professionals do not even bother reaching out to each other in a social network.
This morning came two analyst upgrades for LinkedIn now that the overhang of shares has become less of a future issue and has been quantified. The social network for business was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan and it was also upgraded to ‘Overweight’ from ‘Equalweight’ by Morgan Stanley.
Today’s two upgrades come on the heels of yesterday’s upgrade to ‘Equalweight’ from ‘Underweight’ by a firm called Evercore Partners.
Shares are up over 4.3% so far this Tuesday at $73.03 and the post-IPO range is $55.98 to $122.70.
There is a joke about social networks:
- MySpace was where you went to talk about what you wanted to do for a living. LinkedIn was how you got your job. Facebook was how you lost your job.
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