Airbnb price target lowered to $155 from $178 at Benchmark

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.