Vetr Crowd Upgrades LinkedIn To 4-Stars; Wall Street Also Bullish

• Although they are pretty much flat year-to-date, shares of LinkedIn Corp LNKD have actually been quite volatile in 2015.
• However, since they broke below $170 in late August, the shares have recuperated almost 34 percent of their value.
• Now that the stock is trading above $230, the Vetr crowd seems to have become quite bullish on it, and upgraded its rating from 3 starts to 4 stars.

It seems like, in general, the Vetr crowd is becoming increasingly bullish on professional networking company LinkedIn. On Thursday, they upgraded the stock from 3 stars to 4 stars, although only 45 percent of the crowd's ratings are bullish – it should be noted that the site’s algorithm considers several factors on top of Buy, Hold or Sell ratings to award stars.

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The Vetr crowd has established a $249.88 target price for the stock, which implies an upside potential of almost 8 percent from current prices. Wall Street is slightly more bullish, and sports an average price target of $277.21.

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Among major Wall Street research firms, sentiment is also pretty bullish. A few days ago, analysts at Nomura initiated coverage on LinkedIn’s stock with a Buy rating and $290 price target. According to the firm’s expert, Anthony DiClemente, although the recent surge in the stock price, the shares have still underperformed their Internet peers in 2015. Thus, the analysts believes that there could be upside potential to the stock valuation.

Also quite recently, Barclays reiterated an Overweight rating on the stock, and Sterne Agee CRT upgraded it from Neutral to Buy.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.