Hillsdale's Rory Maher goes contrarian on LinkedIn (LNKD), cutting shares to Hold even as they...

|About: LinkedIn (LNKD)|By:, SA News Editor

Hillsdale's Rory Maher goes contrarian on LinkedIn (LNKD), cutting shares to Hold even as they bask in the glow of a 54% YTD gain. In addition to criticizing LinkedIn's valuation - shares trade at 85x 2014E EPS - Maher (questionably) predicts rev. growth will fall to 14% in 2014 (that's far below a 39% consensus) from 58% in 2013. He does, however, predict new features will yield better user data, which will allow LinkedIn to raise Hiring Solutions prices. Merrill has raised its PT to $190, citing mobile traction, strong comScore data, and the success of Sales Navigator.