Priceline's Stock Soars to New High on Big-Time Analyst Upgrades

Priceline’s stock rocketed to a new 52-week high of $491.36 a share during trading today, before coming to rest at $483.99, down $3. The company, which has been flying high on international sales through its Booking.com subsidiary, got a boost from recent analyst upgrades. On Friday, Citigroup boosted its price target to $610 from $575, and on Thursday, Caris & Company raised its price target to $525, while Goldman Sachs raised its target to $525 as well, reports AmericanBankingNews.com. The travel Web site’s low stock price for the past 52 weeks was $173.32.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work