Oppenheimer Believes PCLN Won’t Stop HereBy Ryan Adsit
In a report issued on November 7, Jed Kelly from Oppenheimer assigned a Buy rating to Priceline.com (NASDAQ: PCLN), with a price target of $1760. The company’s shares closed yesterday at $1570.26, close to its 52-week high of $1575.
According to TipRanks.com, Kelly is a top 100 analyst with an average return of 27.5% and a 67.3% success rate. Kelly covers the Technology sector, focusing on stocks such as TripAdvisor Inc., LendingClub Corp, and Alphabet Inc.
Currently, the analyst consensus on Priceline.com is Strong Buy and the average price target is $1738.33, representing a 10.7% upside.
In a report issued on October 25, Jefferies also reiterated a Buy rating on the stock with a $1700 price target.
Priceline.com’s market cap is currently $77.5B and has a P/E ratio of 40.06. The company has a book value ratio of 7.9058.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2016, Jeffery Boyd, a Director at PCLN sold 166 shares for a total of $209,416.
The Priceline Group, Inc. is an online travel company, which provides travel and related services. It offers accommodation reservations including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties. The company provide services through Booking.com, priceline.com, agoda.com, KAYAK, rentalcars.com and OpenTable brands. It also allows consumers to easily compare airline ticket, hotel reservation and rental car reservation information from hundreds of travel websites at once through KAYAK. The company was founded by Jay Scott Walker on July 18, 1997 and is headquartered in Norwalk, CT.