Priceline's Negotiator may be dead, but the company is alive and well. Priceline is already a leader in the online travel space, and its growth continues to outshine its competition's.
In particular, Priceline has an impressive edge internationally. Hotel inventory on its European website, Bookings.com, surged 54% during the fourth quarter, far outstripping rival Expedia's 11.4% growth. And inventory on Priceline's Asia-based hotel bookings website, Agoda.com, soared 85% during the quarter.
Analysts at Credit Suisse estimate that the rising inventories will lead to nearly 60% bookings growth in 2012 in the international markets. While momentum is building, Priceline's market share in Europe and Asia is still low, giving the company plenty of room to grow. Credit Suisse analysts are pinning a price target of $710 on Priceline's shares, up more than 30% from their current price.
Stocks in Brazil, China and India are surging on hopes of big interest rate cuts. Can the emerging markets rally continue?
