Market Overview

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

Share:
Related LNKD
State Street Introduces Internet, Hardware ETFs
Speculations Abound, But No One Is Buying Twitter Yet
Could Lyft's Network Buoy Apple, Google, GM In Self-Driving Battle? (Investor's Business Daily)

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
Jun 2016UBSDowngradesBuyNeutral
Jun 2016RBC CapitalDowngradesOutperformSector Perform
Jun 2016Cantor FitzgeraldDowngradesBuyHold

View More Analyst Ratings for LNKD
View the Latest Analyst Ratings

Posted-In: News Price Target Analyst Ratings

 

Related Articles (CRM + LNKD)

View Comments and Join the Discussion!