On Nov 08, major Wall Street analysts update their ratings for $Airbnb (ABNB.US)$, with price targets ranging from $110 to $155.
Morgan Stanley analyst Brian Nowak maintains with a sell rating, and maintains the target price at $115.
BofA Securities analyst Justin Post maintains with a hold rating, and adjusts the target price from $142 to $154.
Barclays analyst Trevor Young maintains with a sell rating, and adjusts the target price from $100 to $110.
TD Cowen analyst Kevin Kopelman maintains with a buy rating, and adjusts the target price from $170 to $155.
Needham analyst Bernie McTernan maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Airbnb (ABNB.US)$'s main analysts recently are as follows:
Airbnb's Q3 Gross Bookings surpassed expectations, reaching $20.1B, driven by an increase in booked nights and higher average daily rates (ADRs). Looking ahead, the company anticipates a pickup in booked nights growth in Q4 compared to the 8% growth seen in Q3, although margins are expected to decline year-over-year due to an increase in investment spending.
Airbnb's Q3 outcomes aligned closely with investor anticipations. Despite witnessing shorter booking durations and a deceleration in patronage from U.S. clients during Q2, the company experienced a widespread uptick in demand trends. This, coupled with a return to standard booking intervals, propelled expansion throughout Q3 and is expected to continue into Q4.
Airbnb's third-quarter nights exceeded consensus expectations and aligned with what was anticipated by the buy-side, with guidance indicating a potential acceleration in the fourth quarter. It is anticipated that there could be a compression of EBITDA margins by upwards of three points extending into 2025.
Observations indicate a marked enhancement in booking patterns, which persisted into October, coupled with an uptick in growth across European markets.
Here are the latest investment ratings and price targets for $Airbnb (ABNB.US)$ from 5 analysts:
Note:
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