eh what the hell, lets raise the price target $100 more. Damn is this stock so overpriced for a dot com its not even a joke anymore, pcln has an incredible amount of competition, they make it sound like they are the only dot com offering traveling deals and that no other company exists. As I said before this is truly 1999 all over again.
Priceline: Cit Repeats Buy Rating; Lifts Target To $425; Shrs Up
By Eric Savitz
Priceline (PCLN) shares are getting a lift this morning from Citigroup analyst Mark Mahaney, who repeated his Buy rating on the stock, while lifting his price target to $425, from $325.
âDespite a 53% year-to-date price surge, we continue to view PCLN as one of the most attractive large cap Internet stocks and the best play off the secular growth in online travel,â he writes in a research note.
The Citi analyst maintains his EPS estimates of $12.06 for this year, $14.92 for 2011 and $17.14 for 2012.
PCLN this morning is up $14.69, or 4.4%, to $349.64.
Priceline: Cit Repeats Buy Rating; Lifts Target To $425; Shrs Up
By Eric Savitz
Priceline (PCLN) shares are getting a lift this morning from Citigroup analyst Mark Mahaney, who repeated his Buy rating on the stock, while lifting his price target to $425, from $325.
âDespite a 53% year-to-date price surge, we continue to view PCLN as one of the most attractive large cap Internet stocks and the best play off the secular growth in online travel,â he writes in a research note.
The Citi analyst maintains his EPS estimates of $12.06 for this year, $14.92 for 2011 and $17.14 for 2012.
PCLN this morning is up $14.69, or 4.4%, to $349.64.
