Canaccord Genuity Starts LinkedIn (LNKD) at Buy; De facto Standard, Recurring Revenue, Rapid Growth, and High Operating Leverage (Eventually)
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Canaccord Genuity initiates coverage on LinkedIn (NYSE: LNKD) with a Buy. PT $85.00.
Canaccord analyst, Michael Graham, said, "We believe LinkedIn is the default network for professionals, and believe most users desire to keep professional profiles separate from their personal ones, creating barriers to competition...We believe LinkedIn has considerable operating momentum; we expect continued strong growth domestically and even faster growth internationally, where we believe the business is just entering an acceleration phase in penetration rates."
"We believe the worst of the IPO lock-up expiration is behind us, with some
measured selling expected early next year."
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 $73.20 yesterday.
Canaccord analyst, Michael Graham, said, "We believe LinkedIn is the default network for professionals, and believe most users desire to keep professional profiles separate from their personal ones, creating barriers to competition...We believe LinkedIn has considerable operating momentum; we expect continued strong growth domestically and even faster growth internationally, where we believe the business is just entering an acceleration phase in penetration rates."
"We believe the worst of the IPO lock-up expiration is behind us, with some
measured selling expected early next year."
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 $73.20 yesterday.
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