Citizens analyst Matthew Condon raised the firm’s price target on Airbnb (ABNB) to $170 from $160 and keeps an Outperform rating on the shares. Airbnb has multiple catalysts that could lift revenue and earnings estimates, including hotel expansion, global rollout of Reserve Now Pay Later and simplified policies, broader deployment of AI-powered search to improve conversion, a potential loyalty program to strengthen repeat bookings and retention, and a longer-term advertising opportunity that could contribute more than $1B in incremental EBITDA, supporting a favorable risk/reward outlook for the shares, the analyst tells investors in a research note.
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