Airbnb price target lowered to $103 from $120 at Barclays

Barclays analyst Trevor Young lowered the firm’s price target on Airbnb (ABNB) to $103 from $120 and keeps an Underweight rating on the shares. The company’s Q1 room night growth came in short of expectations and Q2 is likely to moderate a couple points further, which may weigh on shares, the analyst tells investors in a research note. The firm says Airbnb’s slowing growth and margin compression is “not a great setup.”