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Priceline.com (PCLN) Checks Point to Healthy Q1

March 13, 2013 12:42 PM EDT Send to a Friend
Get Alerts PCLN Hot Sheet
Price: $1,242.63 +0.01%

Rating Summary:
    28 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 43 | Down: 31 | New: 14
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Cantor Fitzgerald today maintained a Buy rating on priceline.com (NASDAQ: PCLN) with a price target of $800.00. Analyst Naved Khan said checks point to healthy growth trends for booking.com.

"While 1Q isn't over yet, given the trends, we feel comfortable with our estimates for 36%Y/Y bookings growth and $342M/$5.31 in EBITDA/EPS," said Khan

"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. Pricing trends appear to be largely within expectations, with strengthening in the U.S. and continued weakness in Europe," added the analyst.

For an analyst ratings summary and ratings history on priceline.com (NASDAQ: PCLN) click here. For more ratings news on priceline.com click here.

Shares of priceline.com closed at $722.04 yesterday.




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