Airbnb price target lowered to $140 from $160 at RBC Capital

RBC Capital lowered the firm’s price target on Airbnb (ABNB) to $140 from $160 and keeps a Sector Perform rating on the shares after its Q1 results and guidance. The company is seeing the U.S. headwinds but is feeling a greater impact due to a higher exposure while off a lower growth rate, the analyst tells investors in a research note. Positively however, Airbnb is back to healthier supply growth, it’s talking more freely about other ways to add supply, its margins are still holding up fine, and its upcoming new product announcements could be encouraging, the firm adds.