Cantor Fitzgerald Reiterates Buy on Priceline.com, Points to Healthy Growth Trend

Cantor Fitzgerald has published a report on Priceline.com

where it reiterated a Buy rating with a price target of $800. In the report Cantor Fitzgerald wrote, "Worldwide search volume for Booking.com is up 24% Y/Y in 1Q (to date) vs. +25% in 4Q (Google Trends), which we believe is indicative of continued high levels of interest by leisure travelers in the online hotel booking service (Exhibit 1). Pricing trends appear to be largely within expectations, with strengthening in the U.S. and continued weakness in Europe." Priceline.com closed Monday at $725.07.