Wells Fargo upgraded Airbnb (ABNB) to Overweight from Equal Weight with a price target of $178, up from $136. The company is accelerating its pace of innovation, which makes “upside options a reality,” the analyst tells investors in a research note. The firm believes Airbnb’s more aggressive hotel supply push and sponsored listings beginning in 2027 will drive upside to 2027 and 2028 consensus estimates. Wells says the company is emerging from two years of decelerating growth and compressing margins to accelerating growth and expanding margins. Airbnb is at a “significant business inflection,” contends the firm.
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