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Top-ranked analyst: LinkedIn to surge 20%

LinkedIn headquarters in Mountain View, Calif.
David Paul Morris | Bloomberg | Getty Images
LinkedIn headquarters in Mountain View, Calif.

One of the best analysts on Wall Street told clients to buy LinkedIn as new research suggested that the company will dominate the online recruitment market.

"Our recent survey work shows that LinkedIn's Talent Solutions customers are satisfied and planned to increase spend, while the company's Marketing Solutions segment likely has catalysts ahead in the form of new products, improving monetization, and increased engagement," RBC Capital Markets' Mark Mahaney wrote in a note to clients Wednesday.

"[We] believe LinkedIn has a very solid management team and continues to address a very large TAM (total addressable market) within which it is the clear market leader."