Can LinkedIn Take a Bite Out of This Multibillion Dollar Pie?
Along with the assessment, in the research note seen by the StreetInsider, the firm raised its price target from $125 to $143, a price that shares of the professional network surpassed the day after its earnings report was released on February 7. The stock has not looked back since then.
LinkedIn gave support to investor confidence on Tuesday. To further expand its professional network — and make a promise for future growth — LinkedIn announced that it had a plan to make its users’ professional Rolodexes even more valuable, a step that will also fill a hole in the company’s business. Company executives have said that there is a lot of room for growth on the enterprise front, a segment that represents a ”multibillion dollar” revenue stream for professional social networks like LinkedIn, according to the technology publication CNET.