Priceline just won't stop growing
The online travel site continues its march upwards after its earnings report, due to more strong growth. Can it keep going higher?
In this video from Friday's Stock of the Day, Motley Fool analyst Brendan Mathews discusses what he believes to be a secular trend in Priceline's favor. A growing number of people are making their travel bookings online, and with Priceline's Booking.com platform being one of the largest and most convenient to use, more and more people booking their travel plans are gravitating towards the site.
That said, is the stock a buy, or has it already soared a little too high?
Brendan still sees opportunity here for investors to get in. He sees the massive growth tailwinds that have been favoring the company as ones that will continue, and thinks that at 20 times forward earnings, considering the growth prospects ahead of the company, he sees the stock as fairly valued today.
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This is "IT":....This is the Stock of The Day ??
Priceline.com or (NASDAQ .. PCLN)
Trading at 1315.65 at closing
52 week high 1333.12
52 week low 665.05
....What changed in a 52 week period that increased the value of this Stock...
One share at $1315.65 .. And they produce WHAT??
If this isn't a sign of a Market Gone "OVER THE EDGE",,,, "Tell Me What IS"
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The company is scrambling to protect its equities arm, which could face declining volume and revenue as competitors close the gap.
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