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Wedbush Shines Light on Two Social Network Giants: LinkedIn Corp (LNKD) and Facebook Inc (FB)


In the thick of earnings season, there is never a dull moment for investors. Today, Wedbush analyst Michael Pachter weighed in on social network giants LinkedIn Corp (NYSE:LNKD) and Facebook Inc (NASDAQ:FB), with mixed ratings and views, following LinkedIn earnings results and ahead of earnings from Facebook.

LinkedIn Corp

After Thursday close, LinkedIn reported a strong third-quarter, with each of its major segments beating expectations, sending shares up 12.41% to $243.92. In reaction, Wedbush’s Michael Pachter raised his price target to $232 (from $200), while reiterating a Neutral rating on the stock.

Pachter commented: “LinkedIn delivered a large top-line beat while demonstrating strong cost control. As a result, EBITDA and EPS vastly exceeded our expectations. Revenue was $780 million (above guidance of $745 – 750 million), adjusted EBITDA was $208 million ($146 – 148 million), and non-GAAP EPS was $0.78 ($0.43).”

Furthermore, “LinkedIn guided roughly in line with consensus, expecting revenue of $845 – 850 million (consensus is at $846 million) and EPS of $0.74 (consensus is at $0.67). While it is likely that revenue guidance is conservative...