Cantor Fitzgerald lowered the firm’s price target on Airbnb (ABNB) to $121 from $141 and keeps a Neutral rating on the shares. Airbnb had a strong Q4 with bookings and EBITDA coming in above prior street estimates by 2% and 3%, respectively, the analyst tells investors in a research note. Cantor is encouraged by the velocity of recent product iteration, but would like to see the growth trajectory improve.
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Read More on ABNB:
- Airbnb price target lowered to $145 from $155 at Benchmark
- Airbnb price target raised to $140 from $130 at BMO Capital
- Airbnb price target raised to $133 from $128 at Wells Fargo
- Airbnb: Solid Fundamentals and Product Momentum but Limited Margin Upside Support a Neutral Rating
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