UPDATE - UBS Initiates Coverage on LinkedIn (LNKD) with a Buy; Massive, Disruptive Social Hiring Platform

UPDATE - UBS initiates coverage on LinkedIn (Nasdaq: LNKD) with a Buy rating. PT $90.

UBS analyst says, "Disruptive business model with accelerating growth - We believe LinkedIn could transform the hiring industry through viral growth of its already massive, socially-connected platform. Rapid, accelerating top-line growth (110% Y/Y in 1Q) suggests market validation for the company’s three business lines: Hiring Solutions, Marketing Solutions and Premium Subscriptions."

"We believe LNKD is a convergence play on several positive secular trends, including social media, Software as a Service (SaaS), online advertising and hiring. In our view, the social graph is a core asset, and the SaaS hiring platform enables a superior way for companies and talent to connect on a large, global scale."

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