Ricky Sandler from Eminence Capital recently upped his LNKD position from a mere 400,000 shares to 1,200,000. His firm made over $70 million today.
And RBC Capital analyst, Mark Mahaney, just upgraded LNKD last week, citing a turn around.
RBC Capital Mkts upgrades LNKD to Outperform from Sector Perform and sets target price at $160. Firm noted their online recruitment survey work + updated Marketing Solutions market analysis makes them view co as still well positioned against several large TAMs. They upgrade with the stock still reasonably valued & still deep in correction territory.
Boy did they nail it.
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Put the fuckers in jail, along with the MSFT board.
Wait, jail?
How about give them a ribbon instead?
Mark is one of the better analysts on the street. RBC was smart getting him after the stupid Facebook crap that happened at Citi.
This. Someone had to take them over, because that accumulation of data was too valuable to let it go to waste. I’m not a fan of the company or its business model, but it was a good exit.