Airbnb price target raised to $162 from $150 at DA Davidson

DA Davidson raised the firm’s price target on Airbnb (ABNB) to $162 from $150 and keeps a Buy rating on the shares. The company’s Q1 results came in ahead of guidance and expectations across all primary financial metrics as Airbnb also managed to post inline room night growth at 9% despite the onset of the Middle East conflict starting in March, the analyst tells investors in a research note.