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Airbnb price target raised to $150 from $145 at TD Cowen

TD Cowen raised the firm’s price target on Airbnb (ABNB) to $150 from $145 and keeps a Buy rating on the shares. The firm notes the company’s Q2 nights +7.4% beat its “Need To See” of +6%, closing the gap vs. Booking Holdings’ (BKNG) Alt. growth to about 250 bps from about 400 bps in Q1. Q3 nights growth guided stable, but tough Q4 comp noted, TD Cowen adds.

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