SIG analyst Shyam Patil maintains $Airbnb (ABNB.US)$ with a buy rating, and adjusts the target price from $180 to $160.
According to TipRanks data, the analyst has a success rate of 57.2% and a total average return of 11.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Airbnb (ABNB.US)$'s main analysts recently are as follows:
The company's investments are anticipated to result in accelerated growth in bookings and an increased share in the overall travel market following a quarterly report that surpassed expectations. As Airbnb continues to perform strongly within its primary market, investors are advised to seize any market dislocations, according to an analyst.
Airbnb's third-quarter results were noted as 'relatively strong,' propelled by robust activity across all regions. However, the continuing 'tepid' expansion in the company's B2C segment, alongside increasing investments, casts some uncertainty over its earnings growth prospects for 2025.
Airbnb's third-quarter Gross Bookings surpassed expectations, driven by an increase in booked nights and higher average daily rates (ADRs). The company's forecast for the fourth quarter indicates that growth in booked nights is expected to accelerate from the third quarter's 8% rate. However, it is anticipated that margins will decline compared to the previous year due to an increase in investment spending.
Note:
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