The Priceline Group (PCLN) Tops Q1 EPS by 88c; Q2 Guidance Below the Street
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May 4, 2016 3:47 PM EDT
RBC Capital analyst Mark Mahaney reiterated an Outperform rating but trimmed his price target on The Priceline Group (NASDAQ: PCLN) to $1,600.00 (from $1,700.00) following a Q1 beat but lower guidance.
Mahaney commented, "Total Bookings of $16.65B beat Street/RBC expectations, while Revenue of $2.15B also exceeded Street/RBC, as did EPS of $10.54. The normal key factors at work, tho Easter timing also helped. PCLN saw consistent strength... More
May 4, 2016 1:45 PM EDT
Guggenheim upgraded The Priceline Group (NASDAQ: PCLN) from Neutral to Buy with a price target of $1,500.00.
For an analyst ratings summary and ratings history on The Priceline Group click here. For more ratings news on The Priceline Group click here.
Shares of The Priceline Group closed at $1354.64 yesterday.
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May 4, 2016 1:05 PM EDT
Evercore ISI analyst Ken Sena reiterated a Hold rating and lowered his price target on The Priceline Group (NASDAQ: PCLN) to $1,260.00 (from $1,320.00) following results and weak guidance today.
Sena commented,"Our Hold rating balances PCLN's scale and executional track-record against our concerns that many of its relied-upon marketing channels (e.g., Search / Meta) are moving further down the booking funnel while branded (and many independent) hotel customers are making a stronger push... More
