LinkedIn (LNKD) Bullish Stance Reiterated at Wunderlich on Favorable Conditions

Wunderlich Securities analyst Blake Harper reiterated his Buy rating and $300 price target on LinkedIn (NYSE: LNKD), saying talent and sales solutions growth set up with favorable conditions.

Harper commented, "We expect LinkedIn Corporation's (LNKD) Talent Solutions and Sales Solutions businesses to benefit from favorable conditions in 2015 that have increased our confidence in the company's ability to meet and exceed the high expectations for 2015. Improving conditions for workers and the number of job postings on the site should continue to help engagement and demand for Talent Solutions. We see no push back from Recruiter customers on pricing increases this year and would expect the company to have a long runway to continue modest increases. Sales Navigator should also gain momentum this year as social selling becomes more common from both organic methods and corporate training. We maintain our Buy rating and our price target of $300 on LNKD."

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 $268.34 yesterday.

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