Airbnb price target raised to $124 from $121 at BMO Capital

BMO Capital analyst Brian Pitz raised the firm’s price target on Airbnb (ABNB) to $124 from $121 and keeps a Market Perform rating on the shares. The company delivered a solid Q2, with revenue and adjusted EBITDA 2.5% and 5.5% above consensus, the analyst tells investors in a research note. Airbnb also reintroduced Experiences to the platform, which could provide a meaningful tailwind to the business if the company can execute on driving solid attach rates to core accommodations, the firm added.