With Priceline (PCLN -4.4%) reporting mixed Q1 results, analysts think there's still room to...

With Priceline (PCLN -4.4%) reporting mixed Q1 results, analysts think there's still room to negotiate a higher stock price. BofA sees "potential for 50%+ ex-FX bookings growth in 2Q... and bookings upside in 3Q (vs. our 37% ex-FX est.) on easier [Y/Y] comps." Morgan Stanley says the outlook for international bookings should alleviate some of the worries about Europe.

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Comments (3)
  • remurraymd
    , contributor
    Comments (2274) | Send Message
    Still growing at 2X Expedia and TripAdvisor sort of the Amazon of travel long since 2002 BEAT on earnings but warned guided down on Euro Macro headwinds so see nothing that makes us want to sell fundamentals still look good.Big pullbacks to the early 600s we will buy.APD
    10 May 2012, 03:05 PM Reply Like
  • EMS
    , contributor
    Comments (583) | Send Message
    This is a good short. Nuff said.
    11 May 2012, 08:38 PM Reply Like
  • daavve1
    , contributor
    Comment (1) | Send Message
    I'm definitely buying back on this pull back! With problems in Europe more people will travel there. 1) The euro is cheaper 2) More people will need to go to help straighten out the mess, and 3) The euro countries will be pushing for more tourism to help their economy! Plus, the Olympics and soccer and warm summer weather. Very poor short. Nuff said.
    14 May 2012, 05:53 AM Reply Like
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