As the online travel industry continues to boom, one company has
stood out as an exceptional investment in the space,
. 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
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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PRICELINE.COM (PCLN): Free Stock Analysis
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