Shares ofAirbnb Inc (NASDAQ:ABNB) tumbled in early trading on Friday, after the company reported downbeat third-quarter results.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
Piper Sandler On Airbnb
Analyst Thomas Champion maintained a Neutral, while raising the price target from $125 to $145.
Airbnb reported third-quarter gross bookings and revenues of $20.1 billion and $3.7 billion, up 10% year-on-year and 9% year-on-year, respective, with both coming in higher than estimates, Champion said in a note. The company's results were "solid" and reflected "firming demand trends," he added.
Airbnb...
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