RBC Capital Updates Long Thesis On LinkedIn; Reiterates Outperform


RBC Capital analyst Mark Mahaney reiterated an Outperform rating on LinkedIn Corp (NYSE:LNKD) with a price target of $245, which implies an upside of 5% from current levels.

Mahaney noted, “We reiterate our Outperform rating on LNKD based on Three Key Updates to our Long Thesis: 1. The potential for sustained talent solutions growth. 2. The potential for sustained marketing solutions growth. 3. The potential for sustained premium subscriptions growth.”

The analyst added, “We included LNKD in our list of Top Large Cap Longs for 2015. LNKD currently ranks fifth in our top five (behind AMZN, NFLX, FB, and PCLN) given its current valuation and the relatively modest potential upside to our price target. We would be more aggressive on pullbacks, although we are buyers here. LinkedIn’s fundamentals remain among the strongest in the group, with diverse and consistent-growth revenue segments and steady EBITDA Margin expansion (somewhat unusual among the Large Cap Nets).”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Mark Mahaney has a total average return of 23.0% and a 61.3% success rate. Mahaney has a 50.2% average return when recommending LNKD, and is ranked #18 out of 3420 analysts.

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