LinkedIn reported solid CQ2 results, as revenue outperformance was led by Hiring Solutions
growth of +172% Y/Y. We are raising estimates for CQ3E and beyond due to strong business
momentum, which raises our base case DCF to $110, but lowering our rating from OW to EW
based solely on valuation. Despite its newly public status, LinkedIn is one of the highest-quality
companies we follow.
growth of +172% Y/Y. We are raising estimates for CQ3E and beyond due to strong business
momentum, which raises our base case DCF to $110, but lowering our rating from OW to EW
based solely on valuation. Despite its newly public status, LinkedIn is one of the highest-quality
companies we follow.
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