Airbnb initiated with an Outperform at Mizuho

Mizuho analyst Lloyd Walmsley initiated coverage of Airbnb (ABNB) with an Outperform rating and $151 price target The firm sees the shares as a product cycle play on the shift to hotel driving eventual re-acceleration in revenue. As the hotel go-to-market becomes clearer and starts to flow into product, Mizuho believes attention shifts here given the magnitude of the opportunity, the analyst tells investors in a research note.