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William Blair Sees Significant Opportunity for LinkedIn to Grow in Emerging Markets

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In a report published Tuesday, William Blair & Company analyst Timothy McHugh reiterated a Market Perform rating on LinkedIn Corp. (NYSE: LNKD).

In the report, William Blair & Company noted, “A significant part of LinkedIn's long-term growth story is dependent on international expansion, but we believe that revenue per member differs significantly around the world, which makes estimating the conversion of international member growth into international revenue challenging for most investors. Management provided a more-detailed geographical membership breakdown in LinkedIn's most recent earnings release. To analyze the company's global growth opportunity a bit more closely, we combined that data with some historical disclosures and assumptions to look a little closer at what we believe revenue per member is in various regions. In our view, this demonstrates the significant opportunity for LinkedIn to grow in emerging markets over the long term and demonstrates that a handful of markets are likely to continue to drive most of the company's financial performance in the next few years.”

LinkedIn Corp. closed on Monday at $234.81.

Posted-In: Timothy McHugh William Blair & CompanyAnalyst Color Reiteration Analyst Ratings


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