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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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik