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UPDATE: Cantor Fitzgerald Raises PT on Priceline.com, Growth Stronger Than Expected

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In a report published Wednesday, Cantor Fitzgerald reiterated Priceline.com (NASDAQ: PCLN) with a Buy rating and raised the price target from $750 to $800 on solid booking growth.

Cantor Fitzgerald reported that, “Stronger-than-expected growth in international bookings and 1Q outlook demonstrate that PCLN's efforts to gain market share in Asia-Pac/LatAm through aggressive investments (in advertising, personnel, etc.) are paying off even as its core European market continues to perform well in a challenging macro climate."

Priceline.com shares closed at $678.49 on Tuesday.

Latest Ratings for PCLN

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

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Posted-In: Canter FitzgeraldAnalyst Color Price Target Analyst Ratings

 

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