UBS lowered the firm’s price target on Airbnb (ABNB) to $137 from $138 and keeps a Neutral rating on the shares. Airbnb’s print wasn’t much of a surprise, and the narrative hasn’t changed post-print, the analyst tells investors in a research note. The firm notes that expansion markets grew for the fifth quarter in a row and for the first time significantly outperformed its core markets, with Brazil continuing to accelerate.
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Read More on ABNB:
- Airbnb price target lowered to $155 from $178 at Benchmark
- Wedbush downgrades Airbnb to Neutral amid slowing travel trends
- Cautious Outlook: Airbnb’s Market Challenges and Potential Growth Catalysts
- Airbnb price target raised to $104 from $100 at Wells Fargo
- Airbnb downgraded to Neutral from Outperform at Wedbush