Canaccord Genuity Maintains a 'Buy' on LinkedIn (LNKD); Expect Limited Threat From Facebook (FB)

Canaccord Genuity maintains a 'Buy' on LinkedIn (NYSE: LNKD) price target of $135.00.

Analyst, Michael Graham, said, "We believe the threat to LinkedIn from a potential Facebook-based (Nasdaq: FB) career or job service is likely small, especially in the near term. While longer term there could be some overlap, we believe that for the most part, employers and career-minded professionals prefer to keep personal and professional social networking activity separate, as evidenced by challenging user data from existing Facebook career apps."

"We believe LNKD's member base represents a defensible asset that is generating strong operating momentum. This appears to be channeling investors to focus on upside scenarios, leading us to incorporate a premium multiple into our target price."

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 $102.98 yesterday.

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