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?

By Motley Fool Investor Beat Feb 21, 2014 5:31PM
Priceline.com (PCLN) continues its march ever higher Friday after a solid earnings report that beat analysts' expectations for earnings growth. The biggest driver of the increase here is simple: more travelers booking their trips on the Priceline.com site.

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.William Shatner, spokesman for Priceline.com, appears on the company's homepage on Feb. 26, 2013 (© Daniel Acker/Bloomberg via Getty Images)

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Tags: PCLN
6Comments
Feb 22, 2014 5:13AM
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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"

     

            

Feb 22, 2014 11:53AM
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Just call the hotel to book your room. Who needs priceline? They are the classic middleman.
Feb 22, 2014 8:52PM
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Priceline is one big joke. The "name your own price" tool never works unless you name the price that they already advertise. Not even if its a dollar less. They also show crappy hotels. Better off booking your own hotel and airfare in which we did.
Feb 22, 2014 8:17PM
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When I'm looking for a hotel I check prices on hotels.com and priceline.com.   I never use those sites to book  however.  I call the hotel directly, never use their 1-800... number.  Call the hotel's long distance number directly.   75% of the time I get a rate cheaper than priceline and hotels.com.  The other 25% I get the same price as the online booking sites.
Feb 22, 2014 9:47AM
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Trust me. Everything will go down once the 65 billion a month is pulled.
Feb 24, 2014 12:29PM
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If stocks like this and Apple and google would split their stocks it would be shareholder friendly.
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