Piper Jaffray analyst Michael Olson sees a “clear path” to Priceline (PCLN) shares hitting a $2,000 in 24 months. The stock closed yesterday up $26.76 to $1,499.76. A rise to $2,000 would equate to a roughly 15% annual move for each of the next two years.

Consensus estimates assume minimal share gains, which suggests they are “very achievable, if not conservative,” Olson tells investors in a research note. Priceline is well positioned to capture an increasing share of travel bookings, the analyst contends. He reiterates an Overweight rating on the shares with a 12-month price target of $1,700.