"Most compelling" Priceline boosted to Conviction Buy at Goldman


One thousand five hundred is Goldman's new price target for Priceline (PCLN) after analyst Heath Terry adds the stock to the firm's Conviction Buy list.

"One of the most compelling risk/reward scenarios in our internet coverage," is how Terry describes the stock, noting it trades at a discount to its sector on a relative growth basis. "We see increasing upside potential to our already above consensus estimates as [PCLN benefits] from a European recovery, mobile traffic growth, and increasing economies of scale, particularly in customer acquisition."

The stock's up 1.8% to $1,139 in premarket trade.

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Comments (3)
  • sreimer77
    , contributor
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    Let's just build a bigger bubble so we can scam retail investors when we sell. Anyone notice that Priceline is selling shares like hot cakes?
    20 Nov 2013, 08:42 AM Reply Like
  • investor888
    , contributor
    Comment (1) | Send Message
     
    "Most compelling" Priceline boosted to Conviction Buy at Goldman
    What happen when retail investors get in and they sell. are they go to jail just because that.
    20 Nov 2013, 02:10 PM Reply Like
  • sreimer77
    , contributor
    Comments (242) | Send Message
     
    Classic raise rating to drive price higher to lower rating a few weeks later giving price movement. However, those who pay for that info will sell before the announcement hits the wires and it will be too late for the poor retail investors who bought a $62 billion dollar company that has no barriers, no pricing power and has continually gone up while consumer confidence has dropped. Correct me if I am wrong, but if consumers are not confident, why would one expect them to go buy a plane ticket?
    2 Dec 2013, 10:00 AM Reply Like
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