Priceline going to $1000/share?
Piper Jaffray analyst Michael J. Olson believes Priceline could hit $1,000 per share in the next 24 months, as the online travel market continues to expand, and Priceline continues to maintain its lead in the international market. He rates Priceline shares”overweight,” and has a $763 price target on shares.
Olson notes that 78% of priceline’s business comes from overseas, and that the company “continues to lead in Europe and has pushed into emerging markets faster than any other online travel bookings site.”
Source & Complete Article: http://www.thestreet.com/story/11466249/1/how-pricelinecom-could-hit-1000.html?cm_ven=GOOGLEN