Benchmark lowered the firm’s price target on Airbnb (ABNB) to $155 from $178 and keeps a Buy rating on the shares. While the quarter and guide for Airbnb largely unfolded as the firm had suspected, “now is when things really start to get interesting,” the analyst tells investors in a post-earnings note. There are “bound to be some fits and starts,” but the path to accelerating growth and a better catalyst roadmap “looks more likely than the alternative over the next few years,” the analyst added.
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Read More on ABNB:
- 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
- Airbnb price target lowered to $146 from $170 at BofA
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