SunTrust Robinson Humphrey Reiterates on LinkedIn Corporation Following 3Q Earnings Report
In a report published Wednesday, SunTrust Robinson Humphrey analyst Robert S. Peck reiterated a Neutral rating and $250.00 on LinkedIn Corporation (NYSE: LNKD).
In the report, SunTrust Robinson Humphrey noted, “LinkedIn has done a great job building the leading employment seeker and talent recruiter community. We acknowledge this success, but further, we think LinkedIn is building a much broader and a more dynamic offering – succinctly, we think LinkedIn is building the professional's Platform as a Service (PaaS). Strong execution by the management team thus far makes us optimistic that the company can execute. Given the optionality of the platform and management's strong execution, we anticipate high rates of growth will continue. However, we feel those trends are reflected in current market expectations and therefore have a neutral rating.”
LinkedIn Corporation closed on Tuesday at $247.14.
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