Wunderlich Securities Believes Facebook At Work Is Unlikely To Impact LinkedIn

In a report published Tuesday, Wunderlich Securities analyst Blake T. Harper reiterated a Buy rating and $250.00 price target on LinkedIn Corp LNKD. In the report, Wunderlich Securities noted, “Facebook (FBNR) is reportedly building a product for professionals that would allow users to connect and communicate with coworkers. We view it as unlikely to gain traction with many professionals, who prefer to have a separate social network they share with their family and friends and the one they share with their professional contacts. While Facebook could divide users' professional and personal profiles, it would devalue the large reach of the Facebook platform and make it more difficult to gain initial traction with users.” LinkedIn closed on Monday at $223.28.