LinkedIn shares shot up almost 8% today on good news from the Goldman camp.  Analysts decided to raise the price target $55 to $135 and up the rating from Hold to Buy.  While shares of LNKD broke the $100 dollar mark for the first time since the IPO on this news, many consider the price target to be rather excessive, despite the fact that nobody should listen to price targets anyway.  According to Goldman, there is a “high perceived value” of LinkedIn services among recruiters and is poised to benefit from the increase in mobile usage and advertising.  It’s hard to see how, based on these facts, an extra $35 per share will be squeezed out of a company that is more or less a social jobs board.

 

LinkedIn rises 8 percent after Goldman upgrade | Reuters.