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Robert S. Peck of SunTrust Robinson Humphrey believes that given the various challenges facing LinkedIn Corp (NYSE: LNKD), the 1Q16 results and messaging would play an important role in building the long term thesis.
Peck maintained a Neutral rating on the company, with a price target of $155.
“Cautiously Optimistic”
“We remain cautiously optimistic, but await signs of LNKD being back on track to get more constructive,” Peck mentioned.
The analyst also pointed out that the company had set itself an easier target, which was likely to prove helpful.
Although a 1Q beat could prove positive, the commentary around the results would be more important in changing investor sentiment regarding LinkedIn’s growth potential, Peck stated.
The analyst believes, however, that it could take a few quarters for momentum in the stock to build.
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