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Fly News Breaks for June 5, 2015
LNKD
Jun 5, 2015 | 07:32 EDT
SunTrust estimates that LinkedIn's B2B marketing platform can generate over $1B of revenue by 2017, while its Sales Navigator sales tool can generate about $500M of revenue in 2017 and its lynda.com product, which adds content, can be useful for lead generation and produce about $400M of revenue in 2017. The firm thinks the company's revenue and EBITDA growth can reach a positive turning point in 2H16 which The Street may be underestimating. SunTrust raised its price target on the name to $275 from $250 and keeps a Buy rating on the shares.
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