- LinkedIn (LNKD) refuses to take a breather: With the help of activist/Icahn rumors and an upbeat RBC note, the professional social networking leader is now up 9% on the week. Shares are still down 23% from a February high of $276.18, after having nosedived in response to LinkedIn's Q2/2015 guidance.
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Bullish comments from JPMorgan's Doug Anmuth (Overweight rating, $300 target) could be helping out today. Like RBC's Mark Mahaney, Anmuth thinks the impact of a recent Talent Solutions salesforce reorg will be limited, and that business trends are improving.
- Anmuth: "Management's communication around the sales force changes & Lynda accounting impact was lacking, but we believe it has helped create an attractive opportunity at current levels based on continued strong Talent growth (we think 30%+ this year), Marketing product enhancements (Bizo & sponsored content), & major opportunities in emerging businesses in Lynda.com & Sales Navigator." He also expects major cross-selling opportunities for "distributing Lynda's quality content across LNKD's enterprise reach (~35k enterprise clients)."