Wunderlich Hikes LinkedIn Price Target 20% After Earnings

Wunderlich Securities called LinkedIn Corp’s LNKD Q4 earnings “strong,” mimicking the reaction seen in the stock’s 10.7 percent gain on Friday. Specifically, Wunderlich points to the Sales Navigator, which appears like it is set for “a strong ramp in 2015.” Wunderlich puts the eventual market for the Sales Navigator at $10+ billion internationally, with $4-6 billion of that in the U.S.

Wunderlich also pointed to growth in the company’s Marketing Solutions as a highlight. On the downside, Wunderlich is lowering its Q1 guidance based on conservative estimates from the company, though the analysts still expect LinkedIn to post healthy results with upside.

The analysts raised LinkedIn's price target from $250 to $300, more than 14 percent above Monday's pre-market trading level ($261.50).