LinkedIn (LNKD.DL) stock just got another vote of confidence.
BMO Capital upgraded LinkedIn shares today and also raised its price target. The firm believes that LinkedIn will be officially launching in China soon and that it may be able to monetize that geography as soon as 2015. The social networker already has 3 million users in China.
LinkedIn is presently English-only in China, which makes its user base more employable as anyone on the site has to be bilingual, a sought-after skill in the business community. Motley Fool analyst Evan Niu thinks the opportunity for LinkedIn is huge, but notes that the company's valuation is pretty astronomical. Still, he expects a lot of growth from this dot-com speedster in the future.
