Analysts Offer Insights on Service Companies: Priceline.com Inc (NASDAQ: PCLN) and Viacom (VIAB) (NASDAQ: VIAB)

By George MacDonald

There’s a lot to be optimistic about in the Service sector as 2 experts just weighed in on Priceline.com Inc (NASDAQ: PCLN) and Viacom (VIAB) (NASDAQ: VIAB) with bullish sentimens.

Priceline.com Inc (NASDAQ: PCLN)

In a report released today, Daniel Kurnos from Benchmark Co. reiterated a Buy rating on Priceline.com (NASDAQ: PCLN), with a price target of $1600. The company’s shares closed yesterday at $1359.99.

According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 10.3% and a 57.6% success rate. Kurnos covers the Services sector, focusing on stocks such as Liquidity Services, 1-800 Flowers.Com, and Vitacost.Com Inc.

Currently, the analyst consensus on Priceline.com is Strong Buy and the average price target is $1585.56, representing a 16.6% upside.

In a report issued on July 21, Piper Jaffray also reiterated a Buy rating on the stock.
Viacom (VIAB) (NASDAQ: VIAB)

Telsey Advisory analyst Thomas Eagan reiterated a Buy rating on Viacom Inc. (NASDAQ: VIAB) today and set a price target of $51. The company’s shares closed yesterday at $43.56.

According to TipRanks.com, Eagan is a top 100 analyst with an average return of 33.1% and a 90.7% success rate. Eagan covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Time Warner Cable.

Currently, the analyst consensus on Viacom Inc. is Hold and the average price target is $44.11, representing a 1.3% upside.

In a report issued on July 26, FBR Capital also reiterated a Buy rating on the stock with a $59 price target.