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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Read More on ABNB:
- Airbnb price target lowered to $137 from $138 at UBS
- 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