LinkedIn Corp (NYSE:LNKD) has been reiterated as an Overweight at Piper Jaffray by research analyst Gene Munster in a recent report released today. The analyst maintained a price target of $297 per share, which implies an upside of 18% from current levels.

The report comes after the company announced that it agreed to buy, an online learning company that aims to help professionals further develop their skills, for approximately $1.5 billion in a deal comprising 52% cash and 48% stock.

Munster observed, “In the past, we have talked about education being a logical next step for LinkedIn as it builds out an end-to-end suite of tools for professionals to improve their marketability though targeted learning and skill acquisition. Today’s acquisition represents a move quicker than we would have expected into education given the company’s investment in Talent Solutions and Sales Navigator, we believe it makes sense for LinkedIn’s platform long-term and remain positive on shares.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gene Munster has a total average return of 28.0% and a 71.6% success rate. Munster has a 6.6% average return when recommending LNKD, and is ranked #2 out of 3571 analysts.