priceline.com Given “Outperform” Rating at Credit Suisse (PCLN)
priceline.com (NASDAQ:PCLN)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Thursday, Stock Ratings Network reports. They currently have a $1,450.00 price target on the stock, up from their previous price target of $1,275.00. Credit Suisse’s price objective points to a potential upside of 17.19% from the company’s current price.
The analysts wrote, “We reiterate our conviction in Outperform-rated Priceline as an open-ended growth story. Our proprietary work suggests significant runway remains, with share of fillable rooms from the 407k properties on the platform a modest ~7%, up from ~5% three years ago.”
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of priceline.com from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of priceline.com in a research note on Friday, February 7th. Finally, analysts at TheStreet reiterated a “positive” rating on shares of priceline.com in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,170.55.
Shares of priceline.com (NASDAQ:PCLN) opened at 1246.64 on Thursday. priceline.com has a 1-year low of $665.05 and a 1-year high of $1249.60. The stock’s 50-day moving average is $1165. and its 200-day moving average is $1071.. The company has a market cap of $64.111 billion and a P/E ratio of 35.02. priceline.com also was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 849,541 shares, a decline of 37.9% from the January 15th total of 1,369,041 shares. Based on an average daily volume of 749,881 shares, the short-interest ratio is presently 1.1 days. Approximately 1.7% of the company’s stock are short sold.
Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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