Airbnb price target raised to $156 from $137 at UBS

UBS analyst Stephen Ju raised the firm’s price target on Airbnb (ABNB) to $156 from $137 and keeps a Neutral rating on the shares ahead of the Q2 earnings report. The operating backdrop ultimately did not prove as dire as expected post-Liberation Day, and while there is some regional softness in the U.S. inbound, consumer appetite for travel to other destinations appears unabated, the analyst tells investors in a research note. Currency movements provide a partial tailwind through the quarter, UBS adds.