Citizens upgraded Airbnb (ABNB) to Outperform from Market Perform with a $160 price target The firm sees multiple upcoming catalysts for the company that could drive upside to current consensus expectations. These include the launch of hotels on the Airbnb platform, which the analyst expects will improve conversion in supply-constrained urban markets. Citizens also highlights Airbnb’s potential launch of advertising, which it sees as a “meaningful” incremental EBITDA opportunity.
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