Priceline's Business Continues To Demonstrate Strength, Says Tigress Financial

In a report published Thursday, Tigress Financial Partners analyst Ivan Feinseth commented that

business performance continued to show strength during the fourth quarter driven by bookings growth, with International gross bookings demonstrating "notable outperformance" given a 27 percent increase. Feinseth added that despite management's guidance that suggested foreign exchange and investments in recent acquisitions will drag earnings lower in 2015, Priceline's performance momentum is likely to continue and drive increasing Economic Profit and greater shareholder value creation. The analyst continued that Priceline's performance ranks in the top five percent of quantitative universe and valuation metrics have recently moderated, suggesting that shares have room to move higher. Shares remain Strong Buy rated.