TD Cowen raised the firm’s price target on Airbnb (ABNB) to $160 from $150 and keeps a Buy rating on the shares. The firm said Q4 nights accelerated to +10% despite tough comps along with better ADR. Q1E nights guided slightly slower versus Q4, but revenue faster, and 26E revenue guidance accelerating.
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Read More on ABNB:
- Airbnb price target lowered to $121 from $141 at Cantor Fitzgerald
- Airbnb price target lowered to $145 from $155 at Benchmark
- Airbnb price target raised to $140 from $130 at BMO Capital
- Airbnb price target raised to $133 from $128 at Wells Fargo
- Airbnb: Solid Fundamentals and Product Momentum but Limited Margin Upside Support a Neutral Rating