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Piper Jaffray Lifts Price Target on Priceline.com (PCLN), Says Stock Could Hit $1000

March 22, 2012 8:35 AM EDT
Get Alerts PCLN Hot Sheet
Price: $1,905.64 --0%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 14
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Piper Jaffray boosted its price target on priceline.com (NASDAQ: PCLN) to $763 and importantly said the stock could rise to $1,000 by mid-2014. Non-GAAP EPS of $50 for in CY15 is "realistic" they said. The firm maintained their Overweight rating.

If shares did hit $1000, that would suggest another 42 percent upside from current levels.

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 $703.65 yesterday.


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