High-Growth Stocks: What Else is Mandel Bullish on Besides Pandora?

Priceline, meanwhile, is the largest holding in Lone Pine’s equity portfolio. The hedge fund has over $1.4 billion invested in this travel stock, significantly above other bulls like Philippe Laffont’s Coatue Management and Tiger Global. In a travel industry that captures a lot of investors’ attention, Priceline offers the best growth potential—double that of peers like Expedia Inc (NASDAQ:EXPE) and Orbitz Worldwide, Inc. (NYSE:OWW)—and international hotel booking will play a big part of this going forward. Credit Suisse holds an “Outperform” rating on the stock with a whopping target price of $1,200, while Stifel and Deutsche Bank share a nearly identical sentiment.

Lastly, Google is a top three pick for Mandel. The tech giant was hedge funds’ favorite stock pick last quarter, and it dethroned Apple for the No. 1 spot. In the same light as the aforementioned companies, Google offers a similar mix of growth without overvaluation. Google Glass is expected to improve the company’s sales footprint by 1% to 2% next year, and Android continues to dominate smartphone platform market share.

We’ll continue to watch Stephen Mandel and Lone Pine’s Pandora position, as well as the rest of their high-growth stock picks.

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