Online business networking site LinkedIn (LNKD) has taken the U.S. by storm, hooking up professionals and companies from around the country. Now, LNKD plans to hookup China as well.
According to BMO Capital Markets analysts Daniel Salmon and Jeffrey Silber, LinkedIn is preparing to formally launch in China in 2014. The analysts put out their expectations via a note to clients in early December that floated the idea that LNKD has hired a public relations firm to help with the effort.
The analysts upgraded their rating on LNKD stock to “Outperform” from “Market Perform” on the speculation, and that caused a big bump in LinkedIn stock.
Given that the stock is up more than 92% year to date, a China boost could make LNKD stock another big winner in 2014.