LinkedIn (NYSE:LNKD): BGC Partners has initiated coverage of LinkedIn with a Buy, stating that it sees LinkedIn as an innovative, well-managed company that is just starting to disrupt large markets. The price target on the shares is set for $225.
GameStop (NYSE:GME): Sterne Agee has raised the price target on Gamestop from $35 to $46, as the firm thinks that the company can generate significantly higher than expected earnings in the next few years. It keeps a Buy rating on the shares.
Priceline.com (NASDAQ:PCLN): Cantor has lifted its price target on the company to better reflect its acquisition of Kayak.com, effective on Tuesday. The firm remains upbeat on the company, and keeps a Buy rating on the stock.
Yahoo (NASDAQ:YHOO): Citing a higher valuation for Alibaba, and Yahoo’s acquisition of Tumblr, Oppenheimer has raised its price target to $30 from $27, as it believes that the Tumblr deal is an attempt by Yahoo to strengthen its mobile and social capabilities, while adding more younger users to its platform. The firm keeps an Outperform rating on Yahoo shares.
Investing Insights: Will Baidu’s Momentum Continue?