Priceline's leading network advantage positions it well for long-term growth.
Priceline’s leading network advantage, the source of its narrow moat rating, was once again on display in its first quarter, with robust 24% bookings growth (versus guidance of 17%-22% and our 21% estimate) and a strong 27% lift in room nights (versus 20%-25% guidance). We plan to increase our $1,925 fair value estimate by midsingle digits, mostly to account for lower U.S. corporate tax rates beginning in 2018, but also for slightly higher 2017 revenue. Although Priceline shares have now approac...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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