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LinkedIn Price Target Raised to $200 at Evercore, Says Similarities to CRM Attractive

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Evercore's Ken Sena boosted his price target on shares of LinkedIn (NASDAQ: LNKD) from $160 to $200 Wednesday morning. The analyst maintains an Overweight rating on LinkedIn shares.

Sena believes there are strong similarities between LinkedIn and Salesforce.com (NYSE: CRM). The analyst specifically mentioned the large addressable market, business model which is enterprise facing and consistent strong sales growth.

Extrapolating Salesforce.com's multiple into his LinkedIn model, Sena comes to a theoretical five-year share price around $280.

With shares of LinkedIn up more than 7 percent to $169 at last check, Sena's new price target represents potential upside of about 18 percent.

Latest Ratings for LNKD

DateFirmActionFromTo
Dec 2014Wells FargoInitiates Coverage onOutperform
Nov 2014Monness Crespi HardtInitiates Coverage onBuy
Oct 2014Canaccord GenuityMaintainsBuy

View More Analyst Ratings for LNKD
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Posted-In: News Price Target Analyst Ratings

 

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