Market Overview

UPDATE: Piper Jaffray Raises PT to $800 on in International Bookings Growth

Related PCLN
Fast Money Traders Share Their Picks Ahead Of Holiday
TripAdvisor's Exclusivity Deal With Priceline: Expedia Just Spilled The Beans
Priceline's Price Drop Is Just A Correction (Seeking Alpha)

Piper Jaffray maintained (NASDAQ: PCLN) with an Overweight rating and raised the price target from $756.00 to $800.00.

Piper Jaffray said, "As expected, Priceline offered strong Q1 bookings guidance (well above consensus), but the EPS outlook is slightly below consensus (at the midpoint) due to increased ad spend. We believe this high degree of marketing spend will prove to be a prudent investment as Priceline grows its footprint in the midst of an underlying tailwind from the shift of bookings from offline-to-online. … We are raising our FY13 FX-neutral intl bookings growth assumptions from 25% y/y to 30% y/y. We continue to believe Priceline can achieve multi-year PF EPS growth in the >20% range." closed at $678.49 on Tuesday.

Latest Ratings for PCLN

Nov 2015Stifel NicolausDowngradesHold
Nov 2015Deutsche BankDowngradesBuyHold
Sep 2015RedburnInitiates Coverage onBuy

View More Analyst Ratings for PCLN
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Analyst Ratings


Related Articles (PCLN)

Get Benzinga's Newsletters