(PCLN) Q1 'Solid' - Analyst

May 10, 2013 10:06 AM EDT
Get Alerts PCLN Hot Sheet
Price: $1,539.02 --0%

Rating Summary:
    33 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 10 | New: 6
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Cantor Fitzgerald today maintained a Buy rating on (NASDAQ: PCLN) with a price target of $800.00. Analysts said they viewed Q1 as solid, a while guidance was light, it was not cause for concern.

"With no sequential slowdown in either bookings or room night growth, Priceline is benefiting from stability in its core European market and continues to gain share in global hotel bookings. While management's 2Q outlook is somewhat light, we do not view it as a reason to be concerned given that it reflects a cautious view in a risky macro environment, an Easter holiday shift and higher ad spending to drive growth," said analyst Naved Khan.

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

Shares of closed at $737.50 yesterday.

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