On Nov 09, major Wall Street analysts update their ratings for $Airbnb (ABNB.US)$, with price targets ranging from $107 to $165.
Goldman Sachs analyst Eric Sheridan maintains with a sell rating, and adjusts the target price from $111 to $107.
Evercore analyst Mark Mahaney maintains with a hold rating, and adjusts the target price from $125.3 to $155.
TD Cowen analyst Kevin Kopelman maintains with a buy rating, and adjusts the target price from $170 to $155.
Oppenheimer analyst Jed Kelly maintains with a hold rating.
Cantor Fitzgerald analyst Deepak Mathivanan maintains with a sell rating, and adjusts the target price from $94 to $114.
Furthermore, according to the comprehensive report, the opinions of $Airbnb (ABNB.US)$'s main analysts recently are as follows:
Airbnb's third-quarter results were characterized as 'relatively strong' due to solid performances spanning all regions. However, despite increasing investments, the persistent 'tepid' growth in the company's B2C business casts a shadow over its earnings growth prospects for 2025.
Airbnb's Q3 Gross Bookings surpassed expectations, reaching $20.1B due to an increase in nights booked and higher Average Daily Rates (ADRs). The company anticipates that the growth in booked nights will speed up in Q4, continuing from the 8% increase seen in Q3, although it projects a year-over-year decline in margins as investment spending escalates. The general preference within the gig economy space leans towards stocks with faster growth compared to Online Travel Agencies (OTAs).
Airbnb's Q3 outcomes aligned closely with investor anticipations. Despite earlier concerns over shorter booking durations and a deceleration in demand from U.S. customers in Q2, the company witnessed a widespread uptick in demand and a return to more typical booking timelines, contributing to growth that carried into Q4.
The performance of Airbnb presents arguments for both optimistic and pessimistic investors, as reflected by the company's third-quarter nights surpassing consensus and aligning with buy-side forecasts, followed by projections of stronger momentum in the fourth quarter. It is anticipated that there will be a contraction in EBITDA margin extending into 2025.
The company's third-quarter performance presented a blend of slight improvements in near-term fundamentals, which were, however, eclipsed by less optimistic guidance for fourth-quarter margins and indications of an impending investment phase anticipated in FY25 due to its novel and growing business segments.
Here are the latest investment ratings and price targets for $Airbnb (ABNB.US)$ from 8 analysts:
Note:
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