3 Buzzing Social Media Stocks: LinkedIn’s Conservative Guidance, Pandora’s New Followers, and Facebook’s New Security Feature
LinkedIn (NYSE:LNKD): Goldman Sachs believes that although LinkedIn’s guidance fell short of expectations, it’s very likely conservative. It believes the company’s growth trajectory is unchanged, but lowered its estimates due to more modest expectations. It rates the shares a Buy with a $210 price target, which it cut from $220.
Pandora Media (NYSE:P): CIBC has initiated coverage of the music streaming service, awarding it with a Sector Outperform rating and a $9 price target. RBC Capital also recently initiated coverage, this past Tuesday. It gave the shares a Sector Perform rating with a $16 price target. Late last month, Lazard also initiated coverage, though the bullish sentiment it feels for Netflix (NASDAQ:NFLX) doesn’t translate industry-wide; it gave Pandora a Neutral rating.
Facebook (NASDAQ:FB): Facebook has proposed a new and unusual way to retrieve forgotten passwords: give them to your friends. No, really. Using a new system called Trusted Contacts, which allows users to assign a special status upon a handful of Facebook friends. If selected, these friends receive messages and notifications with codes that will allow them to assist you in restoring your profile should it ever become compromised. Really, it’s an overhauled version of 2011′s Trusted Friends feature, with a couple tweaks here and there.