Market Overview

UPDATE: Susquehanna Raises PT on on Long-Term Upside

Related PCLN
Fast Money Traders Share Their Picks Ahead Of Holiday
TripAdvisor's Exclusivity Deal With Priceline: Expedia Just Spilled The Beans

In a report published Monday, Susquehanna International Group analyst Brian Nowak reiterated a Positive rating on (NASDAQ: PCLN), and raised the price target from $1,135.00 to $1,200.00.

In the report, Susquehanna International Group noted, “Our industry conversations indicate PCLN has continued its aggressive attack on the U.S. and Express Deals and were again notably strong in 3Q. As such, we raise our U.S. room night estimates by 5% and 13% in '13 and '14, respectively. PCLN is rapidly growing and taking share in the U.S., but we still only model it to reach 11% of the U.S. online hotel market by '14, which speaks to the long-term upside.” closed on Friday at $1,048.25.

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: Brian Nowak Susquehanna International GroupAnalyst Color Price Target Analyst Ratings


Related Articles (PCLN)

Get Benzinga's Newsletters