Needham & Company Starts LinkedIn (LNKD) at Hold; Potential Already Priced Into Premium Valuation

Needham & Company initiates coverage on LinkedIn (NYSE: LNKD) with a Hold.

Analyst, Kerry Rice, said, "We believe LinkedIn is a marquee Internet leader that changed the landscape of the staffing and talent acquisition market by leveraging social networking. We believe the company has reached critical mass, which competitors are unlikely to replicate. The company’s proprietary platform enables the development of new applications that should drive engagement levels higher over the next several years. While we believe conservative guidance could continue to yield “beat-and-raise guidance,” driving the share price higher, we believe much of the potential upside is reflected in its premium valuation."

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 $99.25 yesterday.

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