Benchmark Capital Positive On Priceline (PCLN)

Benchmark Capital is positive on shares of Priceline.com PCLN as the online travel site is set to report earnings on Tuesday. Benchmark has a Buy rating and $253 price target on shares of Priceline. In the report, Benchmark Capital notes, "Priceline (PCLN - Buy, $253 PT) is set to report 2Q10 results on Tuesday after the close of the market. We anticipate 37% y/y growth in total gross bookings, driven by a 50% y/y increase in international bookings, could translate into 23% y/y revenue growth to $741 million versus consensus at $733 million and at the high end of guidance. Proforma EBITDA could be $182 million, up 44% y/y, leading to proforma EPS of $2.67, slightly ahead of consensus at $2.65." Shares of Priceline.com closed at $224.40 on Friday.