Cantor Sets Expectations On Priceline.com Into 3Q14 Results


In a research report issued today, Cantor analyst Naved Khan maintained a Buy rating on Priceline.com Inc (NASDAQ:PCLN) with a price target of $1500, ahead of the company’s third-quarter results. 

Khan wrote, “We expect PCLN’s 3Q results to come in-line with our expectations and towards the high-end of mgt’s guidance. This is supported by our checks of worldwide traffic and hotel pricing trends during the quarter, as well as a positive read-across from Expedia’s 3Q results last week. FX headwinds and caution around a potential spread of Ebola may cause mgt to adopt a somewhat conservative view of 4Q, however.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Naved Khan has a total average return of 23.0% and a 80.6% success rate. Khan has a 44.2% average return when recommending PCLN, and is ranked #167 out of 3355 analysts.