LinkedIn boosted by BMO on China launch

"Management has discussed [the China launch] previously, and we learned from a separate NDR with MDC Partners that one of their agencies has been hired to begin a public relations outreach for LinkedIn (LNKD) in China," says analyst Daniel Salmon, upping the stock to a Buy with $235 price target. "We assume a formal launch in 2014, with monetization beginning to ramp in 2015."

Salmon's team also likes LinkedIn's increasing focus on salespeople (LinkedIn believes there are 6x as many in sales on the platform as there are HR personnel), with a stand-alone product expected to ramp in 2015.

"We also expect the hiring of Penry Price to lead ad sales to improve the relationship with the agency community; some ad products will likely be culled and a continued heavy focus on Sponsored Updates is expected."

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Comments (4)
  • vandeley
    , contributor
    Comments (126) | Send Message
    How can you have a buy rating when your PT is 4% above the last price?
    6 Dec 2013, 08:24 AM Reply Like
  • 426260
    , contributor
    Comments (134) | Send Message
    The release actually states that the price target was raised from $235 to $270 - see below:


    "BMO Capital upgraded LinkedIn (NYSE: LNKD) from Market Perform to Outperform with a price target of $270.00 (from $235.00),..."

    6 Dec 2013, 10:01 AM Reply Like
  • RipCrackle
    , contributor
    Comments (122) | Send Message
    You've got be very brave to get into LNKD at this price
    6 Dec 2013, 08:46 AM Reply Like
  • memshu
    , contributor
    Comments (622) | Send Message
    PR outreach in China? am i seeing this or are my eyes playing tricks on me? we added 880 mln in valuation today because LNKD is doing a PR outreach in China? who do you people think the Chinese are? a bunch of IT starved hicks who have never seen a website and will respond to a PR outreach by enthusiastically throwing money at LNKD just ever so thankful that they deigned to do a PR outreach in their country? China is one of the most competitive markets in the world, its wired up the wazoo and there are several seriously well organized and capitalized competitors well entrenched in the market. PR outreach my #$$%.
    6 Dec 2013, 12:48 PM Reply Like
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