Piper: Priceline (PCLN) To Keep On Winning, Going to $175

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.

See Also:
Orbitz (OWW): Too Much Competition and Consumer/Air Exposure
(OWW, EXPE, PCLN)
Priceline Blows Doors Off; Analysts Say Going Higher (PCLN)

 

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