Priceline Target LOWERED Due to Slow Bookings Growth and 4 Analyses to Note
priceline.com Incorporated (NASDAQ:PCLN) price target was reduced by Piper after the company reported and guided bookings growth lower than expectations. The firm keeps an Overweight rating on the stock, stating that Priceline is still the best positioned online travel agency.
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NetApp, Inc. (NASDAQ:NTAP) Q1 revenue estimates were reduced by Piper Jaffray to the mid-point of NetApp’s guidance following its channel checks which indicated that demand was still lower than normal seasonality, aligning with management’s outlook. Piper predicts that the company will provide a conservative outlook for Q2 because of its exposure to the Public Sector and Europe. Although the firm does not expect upside in Q1 or Q2, it incresed its price target for shares to $40 from $35 and keeps an Overweight rating on the stock.
Wright Medical Group Inc. (NASDAQ:WMGI): According to Piper Jaffray, the subpoena Wright Medical disclosed yesterday will probably be immaterial to the company and recommends using the weakness in shares as a buying opportunity. Piper claimed it would be an aggressive buyer of the stock at current levels and it keeps a $24 price target for shares.
priceline.com Incorporated (NASDAQ:PCLN) estimates and price target have been reduced by Citigroup lowered its estimates and price target for Priceline.com after the company’s top-line miss during Q2 along with lower Q3 guidance. However, Citi states it is a buyer of Priceline shares on today’s weakness and keeps a Buy rating on the name. Also, the company’s price target was lowered by Benchmark Co. after the company’s Q3 guidance fell well below consensus across all metrics. The firm keeps a Buy rating on the stock.
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