Market Overview

UPDATE: Deutsche Bank Raises PT on Priceline.com on Solid Bookings Growth

Share:
Related PCLN
Cities Where Airbnb Is Most Useful (Take Heed, Rio Olympics Attendees)
Here Are The 14 Stocks Morgan Stanley Wants You To Focus On During Q2 Earnings
Top 10 Health Care Stocks: Which To Buy? Part 3 (Seeking Alpha)

In a report published Wednesday, Deutsche Bank reiterated its Hold rating on Priceline.com (NASDAQ: PCLN), and raised its price target from $710.00 to $745.00.

Deutsche Bank noted, “Priceline reported gross profit and EBITDA 0% and 1.6% above our estimates after adjusting out charges, and within the guided range for the second time in the last three years (every other quarter handily exceeded the high end). The company is seeing solid bookings growth, but similar to EXPE, PCLN's business model is deleveraging from lower marketing ROI and mix to lower margin international regions. We don't expect these trends to reverse course, which is limiting the flow through from the increased hotel volumes. We have raised our 2013 EBITDA by 4%, shares remain Hold rated.”

Priceline.com closed on Tuesday at $678.49.

Latest Ratings for PCLN

DateFirmActionFromTo
Jun 2016Morgan StanleyUpgradesEqual-weightOverweight
Jun 2016BarclaysUpgradesEqual-weightOverweight
May 2016BarclaysMaintainsEqualweight

View More Analyst Ratings for PCLN
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (PCLN)

View Comments and Join the Discussion!