LinkedIn (NYSE:LNKD) 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.
Erin Kennedy owns shares of Apple. Evan Niu, CFA, owns shares of Apple and LinkedIn. The Motley Fool recommends Amazon.com, Apple, Facebook, Google, and LinkedIn. The Motley Fool owns shares of Amazon.com, Apple, Facebook, Google, and LinkedIn. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.