B. Riley analyst Naved Khan lowered the firm’s price target on Airbnb (ABNB) to $140 from $145 and keeps a Neutral rating on the shares. The company reported mixed Q1 results, with revenue and EBITDA coming in ahead of expectations, while booking volume was in line, and booked nights were slightly below consensus, the analyst tells investors in a research note. The firm continues to find the stock’s risk/reward as balanced.
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