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.
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