Daniel Kurnos, an analyst from Benchmark Co., maintained the Buy rating on Airbnb (ABNB – Research Report). The associated price target was raised to $178.00.
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Daniel Kurnos has given his Buy rating due to a combination of factors. Airbnb’s recent performance, particularly in the fourth quarter, exceeded expectations with significant outperformance in nights booked, revenue, and adjusted EBITDA. This strong showing, despite a challenging travel environment, highlights the company’s resilience and ability to capitalize on market opportunities.
Airbnb has also demonstrated a commitment to maintaining strong margins while investing in new business initiatives, which is a promising sign for long-term growth. Their openness to partnerships and marketplace model, along with potential future ventures in advertising, suggests a solid strategic direction. Moreover, the company’s ability to outperform in various geographic regions, particularly EMEA, and its initiatives in market expansion and product innovation, support a positive outlook. These factors combined make Airbnb an attractive investment opportunity, justifying the Buy rating.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $175.00 price target.
Based on the recent corporate insider activity of 170 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABNB in relation to earlier this year.