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LinkedIn 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.
In fact, LinkedIn is growing twice as fast as Google and Facebook, and more than three times as fast as Amazon.com and Apple. Watch our jaw-dropping investor alert video today to find out why The Motley Fool's chief technology officer is putting $117,238 of his own money on the table, and why he's so confident this will be a huge winner in 2013 and beyond. Just click here to watch!
The article LinkedIn's Poised for a Big Boost From China originally appeared on Fool.com.
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