Airbnb’s Strategic Moves: Promising Developments with Cautious Revenue Projections

BTIG analyst Jake Fuller has maintained their neutral stance on ABNB stock, giving a Hold rating yesterday.

Jake Fuller has given his Hold rating due to a combination of factors surrounding Airbnb’s recent strategic moves. The company has introduced new services and experiences, along with an app refresh, which are promising developments. However, while the integration of these features into the booking path is encouraging for potential revenue growth, there are concerns about the scalability of the more curated experiences.
Despite the potential for a significant revenue opportunity, it is still too early to adjust financial estimates for 2025-2026. The initial assumptions suggest a revenue potential exceeding $500 million, but the market’s response and the actual performance of these new offerings remain to be seen. Thus, while the developments are positive, they do not yet warrant a change in the overall investment thesis.

In another report released yesterday, Bank of America Securities also maintained a Hold rating on the stock with a $146.00 price target.