The One Priceline (PCLN) Chart You Need to See - Real Time Insight

By Eric Dutram,

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As the online travel industry continues to boom, one company has stood out as an exceptional investment in the space, ( PCLN ) . The stock hasn't missed earnings estimates in more than three years and PCLN has added more than 90% in the past one year time frame.

Yet after such an incredible run, investors have to be asking if this move higher can continue in the near term. After all, the stock's industry is ranked in the bottom 20% while a forward PE approaching 30 suggests that it isn't exactly a value stock at this point.

But PCLN is still looking for earnings to increase by 24% for this year and for the next, so the growth story may not end soon for this company. And this could be especially true if you look at the price and consensus chart for PCLN which suggests that earnings estimates continue to move in the right direction:

(If you are having trouble viewing the chart see the PCLN Price & Consensus Chart here )

Plus, Priceline currently has a Zacks Rank #2 (Buy) and clearly investors are embracing this company as a leader in the space, and one that can live up to expectations for years to come.

But what about you? Do you think that PCLN still has room to march higher, or is the company due for a pull back?

Let us know in the comments section below!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: PCLN

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