The Priceline Group (PCLN) Receives Price Target

The Priceline Group (PCLN) : The highest short term price target forecast on The Priceline Group (PCLN) is $1700 and the lowest target price is $790. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $1499.67 with a standard deviation of $210.13.

The Priceline Group (PCLN) : Zacks Investment Research ranks The Priceline Group (PCLN) as 2, which is a Buy recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 1.7, which indicates as a Buy.


Also, Major Brokerage house, Evercore ISI Group upgrades its ratings on The Priceline Group (NASDAQ:PCLN). In the latest research report, Evercore ISI Group raises the target price from $1.35K per share to $1.65K per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 18, 2016.

The Priceline Group (NASDAQ:PCLN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1422.50 and $1408.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1424.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1418.59, notching a gain of 0.13% for the day. The total traded volume was 307,241 . The stock had closed at $1416.73 on the previous day.

The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company, through its online travel agent (OTA) services, connects consumers wishing to make travel reservations with providers of travel services across the world. The Companys brands include, KAYAK,, and OpenTable. The Company offers consumers accommodation reservations, including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties, through its, and brands. Its brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises. The Company offers rental car reservations through its Website The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *