Will This Price Target Increase Help Priceline (PCLN) Stock Today?

NEW YORK (TheStreet) -- Pacific Crest increased its price target on Priceline  (PCLN) to $1,565, increased its estimates and set an "outperform" rating. The firm cited the company's positive growth outlook.

The stock was up 0.48% to $1,315.50 in pre-market trading on Tuesday.

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Separately, TheStreet Ratings team rates PRICELINE GROUP INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate PRICELINE GROUP INC (PCLN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: PCLN Ratings Report

PCLN Chart PCLN data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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