One truism in stock picking is that winners tend to keep on winning. And Priceline (PCLN), at least as of late, has been a real winner.
Piper Jaffray expects those winning ways to continue, driven by cost-conscious consumers in the US and European expansion. The firm has added PCLN as an Internet Top pick and expects the company’s strong growth in Europe to continue.
Piper maintains a BUY on Priceline (PCLN), target price $175.