LinkedIns 4Q Hiring Solutions "Best Case Scenario" is in-line with Consensus, According to Citigroup
Citigroup analyst Mark May reported that LinkedIn's (NYSE: LNKD) “best case scenario” for 4Q hiring solutions revenue is in-line with consensus.
Citigroup's tracker data historically correlates with the hiring solutions segment revenue. May noted that recent marketing solutions enhancements may offset hiring solutions revenue weaknesses. The analyst added that he still sees the upside to fourth quarter consensus “diminishing”.
May has a Neutral rating on LinkedIn. Shares of LinkedIn were up 89% in 2013. LinkedIn closed at $216.83 on Tuesday. Shares have traded as low as $207.22 today, down almost 4.64%.
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