LinkedIn Stock Forecast: An Algorithmic Analysis (LNKD)
LinkedIn Corp. (NYSE: LNKD) operates a social networking website that is focused on professional networking. The company released its most recent earnings report on April 30th, where forward guidance severely disappointed investors. The stock price fell significantly the next day, as it was the first time that the company’s earnings had disappointed investors in the four years it has been traded publicly. While the stock price was valued extremely high before the earnings report, the resulting sell-off has been overblown, and the company’s long-term outlook remains strong and intact. Therefore, the current dip in the stock price represents a great opportunity to buy into this position.
