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Priceline Shares Worth $1,480: Cantor

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  • Shares of Priceline Group, Inc. (NASDAQ: PCLN) are up 14.33 percent year-to-date, hitting a high of $12.51.80 on August 6.
  • Naved Khan of Cantor Fitzgerald has reiterated a Buy rating and price target of $1480 on the company.
  • Checks suggest that the company’s bookings are tracking at or above the higher end of the guidance and the estimates during 3Q15.

According to the Cantor Fitzgerald report, intra-quarter checks suggest that “hotel room rates across both Europe and the US have continued to improve year on year through September,” while the global Search traffic trends have been...