LinkedIn Corporation (LNKD) Investor Meeting Highlights - Needham & Company

Needham & Company analyst, Kerry Rice, hosted an investor meeting Monday at LinkedIn's (NYSE: LNKD) HQ with CFO Steve Sordello. No change to Buy rating or $200 PT. Notes follow:

Hiring Solutions growth was a key topic with management indicating that deeper penetration of existing customers and potential price increases could drive 2x growth with incremental revenue coming from new enterprise customers.

The vast majority of Marketing Solutions is now driven by Sponsored Content, which is experiencing higher engagement and should benefit from new functionality integrated from Lead Accelerator.

North America should remain the primary revenue driver for the next couple of years but international geographies such as China represent significant growth opportunities.

Management provided insight into the gross margin profiles across its businesses with Online Sales having ~90% gross margin and Field Sales of ~60%.

For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.

Shares of LinkedIn closed at $121.60 yesterday.

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