3 Stocks to Buy That Were Absolutely Hammered Last Week

Investing

Published: February 8, 2016 10:40 am

Last Updated: January 13, 2020 1:29 pm

It’s bad enough when you own a stock that absolutely flops and gets killed after missing an earnings number, giving poor forward guidance or, even worse, both. What really adds insult to injury is when Wall Street analysts, many of whom were cheerleaders and pounded the table on the stock, suddenly reverse course and cut the stock to a hold or even a sell.

Last week was a very tough week for some very high-profile stocks, and many analysts on Wall Street did just what was described above. Analysts at one firm we cover here at 24/7 Wall Street, Stifel, held their ground on some companies that were murdered, and while lowering their price targets, they stay with their rating of Buy.

LinkedIn

This high-profile tech stock was absolutely taken apart on Friday, after being a momentum trader’s dream for a few years. LinkedIn Corp. (NASDAQ: LNKD) operates an online professional network worldwide. The company, through its proprietary platform, allows members to create, manage and share their professional identity online; build and engage with their professional networks; access shared knowledge and insights; and find business opportunities.

The company also offers LinkedIn mobile applications across a range of platforms and languages, including iOS for iPhone and iPad, Android, BlackBerry, Nokia Asha and Windows Mobile, as well as a public website that allows developers to integrate its content and services into their applications.