Priceline Reviews: The Priceline Group Stock Downgraded And Still Harvesting High Return On Investment

February 22, 2016
Priceline Reviews
The Priceline Group, based in Norwalk, Connecticut, is the provider of online travel, restaurant reservations and other related services. They operate throughout the world in over 200 countries, and they have saved customers over $10 billion since they launched. The group’s main brands include Priceline.com, Booking.com, Kayak, agoda.com, rentalcars.com and OpenTable. Falling 17% in January, Priceline was downgraded by analysts. Both Goldman Sachs and Raymond James downgraded the stock, citing that competition from Airbnb would be a major threat to the online booking business. Goldman analyst further believed that online travel agents have already reached a peak in market penetration, and hotels will be less willing to continue to give online service providers better rates.

Read The Full Review

I Know First Review