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Fly News Breaks for July 30, 2015
LNKD
Jul 30, 2015 | 11:06 EDT
Piper Jaffray analyst Gene Munster said the firm's Premium Member subscriber index for LinkedIn is tracking "slightly" ahead of expectations and could add a bit less than 1% upside to overall revenue estimates. Munster said he views this "small trend" as positive, noting that Premium Membership revenue is about 20% of LinkedIn sales. The analyst keeps his Overweight rating and $246 price target on LinkedIn, which is scheduled to report its Q2 earnings tonight.
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