Barclays Maintains an 'Overweight' on priceline.com (PCLN); Q1 Preview: Expecting Strong Results

Barclays maintains an 'Overweight' on priceline.com (NASDAQ: PCLN) price target of $800.00.

Analyst, Anthony DiClemente, said, "...we expect strong results ahead of ours and Street estimates, despite a moderate FX headwind, on still solid leisure demand in Europe and North America, strong execution at Booking.com, and continued share gains in APAC and LatAm...We project 1Q total gross bookings of $6.40B (+37% Y/Y), revenue of $1.02B (+26% Y/Y), EBITDA of $249M (+43%, 34.5% margin on gross profits) and PF EPS of $3.89."

For an analyst ratings summary and ratings history on priceline.com click here. For more ratings news on priceline.com click here.

Shares of priceline.com closed at $736.07 yesterday.

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