Pitz said that the deal is a key step in Microsoft's large-scale shift.
"The acquisition, which is expected to close later this year, further enhances Microsoft’s transition from a desktop software firm to a cloud computing services provider," the analyst said in a note.
Additionally, Pitz believes that the deal underscores a new trend in technology mergers and acquisitions.
"LinkedIn’s unique position and reach highlights the value of a differentiated asset in the Internet landscape," wrote Pitz.
"We believe that M&A will continue to be a theme in the Internet with a focus on uniquely positioned platforms, 100% owned IP, and differentiated technology in fragmented industries."