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LinkedIn Stock Rebounding After Endorsements From Analysts

MOUNTAIN VIEW (CBS SF) - LinkedIn's stock is pulling itself back up off the matt this week after a steep drop from its all time highs reached earlier this year.

The professionally-oriented networker is getting heavy interest on reports that billionaire investor Carl Icahn is taking a big stake in the Mountain View firm, as well getting help from bullish research notes from RBC Capital and JP Morgan.

The Mountain View company's stock took a dive in late April when it provided a weak forecast in its earnings report, with some concern over a big Salesforce reorganization.  Even with its stock surging higher this week, its still about $60 below its all time high reached earlier this year, although that had come after a huge increase over the prior several months.

The RBC and JP Morgan analysts think business trends are improving for LinkedIn, and that the sales shuffling will no longer have a big impact.

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