LinkedIn's Forecast Prompts Analysts to Reconsider Prospects
- First-quarter and full-year revenue forecast miss projections
- `Clearly we were wrong,' Mizuho says, lowering price target
LinkedIn Forecasts Slower Growth on Sales Weakness
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LinkedIn Corp. is no longer the hot tech company many people thought it was.
The stock plunged the most ever amid a wave of analyst downgrades after the company said its new business lines for sales and marketing tools aren’t going to grow as fast as most people were predicting -- and some initiatives are grinding to a halt. Investors have been forced to revise their thinking about the company’s prospects and strategy.