Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Airbnb (ABNB) to $140 from $137 and keeps a Neutral rating on the shares. Airbnb’s Q3 results were strong, with revenue at the high end of guidance and adjusted EBITDA above estimates, supported by robust travel trends and forward bookings, the analyst tells investors in a research note. Strategic execution over the coming years will be key to capturing compounded bookings, experiences, and basket expansion, the firm adds.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABNB:
- Morning Movers: Wendy’s ascends following third quarter results
- Video: Take-Two slides after pushing out launch of GTA VI
- Airbnb price target raised to $156 from $151 at Mizuho
- Airbnb’s Strong Q3 Performance and Strategic Initiatives Justify Buy Rating with $180 Price Target
- Airbnb price target raised to $145 from $140 at Baird