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

Evercore's Ken Sena boosted his price target on shares of LinkedIn

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

. 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.