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Professional social network LinkedIn (LNKD) is benefiting from the data it gathers from its 400 million users and is poised to leverage its scale advantage, according to Nomura. The analyst sees increased adoption of LinkedIn’s Recruiter product, higher marketing engagement with its new mobile app and further revenue growth with premium content from Lynda. Those factors led Nomura to initiate LinkedIn with a buy rating and price target of 290. Scalper1 News
Scalper1 News