Cantor Fitzgerald Lifts Target on priceline.com (PCLN) After Q3 Results, Q4 Outlook
Cantor Fitzgerald boosted its price target on Buy-rated priceline.com (NASDAQ: PCLN) from $740 to $750 following robust Q3 results and solid Q4 outlook.
The firm comments, "Robust 3Q results and better than expected 4Q outlook amid signs of relative stability in Europe (so far) show that PCLN's fundamentals remain strong and business continues to operate in high gear even in a challenging macro climate. The results should also help ease any concerns about potential market maturation and/or impact from increased competition. Priceline remains the best play on the global growth in online travel, in our view."
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 $586.10 yesterday, with a 52 week range of $438.76-$774.96.
The firm comments, "Robust 3Q results and better than expected 4Q outlook amid signs of relative stability in Europe (so far) show that PCLN's fundamentals remain strong and business continues to operate in high gear even in a challenging macro climate. The results should also help ease any concerns about potential market maturation and/or impact from increased competition. Priceline remains the best play on the global growth in online travel, in our view."
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 $586.10 yesterday, with a 52 week range of $438.76-$774.96.