UPDATE: National Alliance Initiates LinkedIn with Buy on Positive Near-Term Risk-Reward

In a report published Tuesday, National Alliance Securities analyst Mike Hickey initiated coverage on LinkedIn Corp.

with a Buy rating and $214.02 price target. In the report, Hickey noted, “We're initiating on LinkedIn with a Buy rating, and $214.02 price target, providing a 22.0% share price to target return opportunity. The Company operates one of the world's largest online professional networks, with an estimated +200 million members over 200 countries and territories. We view the Company's near term share price risk / reward profile balancing positive, with expected near term performance growth and emerging market opportunities, somewhat offset by an exceedingly rich valuation and related market risk. We would look more favorably on the Company's risk / reward profile under $160 per share, where shares could find support in the low $150 per share.” LinkedIn Corp. closed on Monday at $175.37.