On Nov 12, major Wall Street analysts update their ratings for $Airbnb (ABNB.US)$, with price targets ranging from $137 to $160.
Citi analyst Ronald Josey maintains with a buy rating, and adjusts the target price from $135 to $158.
Evercore analyst Mark Mahaney maintains with a hold rating, and maintains the target price at $155.
SIG analyst Shyam Patil maintains with a buy rating, and adjusts the target price from $180 to $160.
CFRA analyst Angelo Zino downgrades to a hold rating, and adjusts the target price from $140 to $137.
Furthermore, according to the comprehensive report, the opinions of $Airbnb (ABNB.US)$'s main analysts recently are as follows:
The firm believes Airbnb's investments are poised to drive a resurgence in bookings growth and increase its overall share of the travel market. With the company performing strongly in its essential operations, investors are encouraged to capitalize on any market dislocations.
Airbnb's recent quarterly results were described as 'relatively strong,' bolstered by solid performances across various global regions. However, the continued 'tepid' growth in the company's B2C business, even amidst increasing investments, casts some uncertainty on its projected earnings growth for 2025.
Airbnb's Q3 Gross Bookings surpassed expectations, reaching $20.1B, attributed to an increase in nights booked and higher average daily rates (ADRs). The company's forecast for Q4 indicates that growth in booked nights is expected to pick up pace from the 8% seen in Q3, although profit margins are projected to decline year-over-year due to an uptick in investment spending.
The company's Q3 results aligned closely with investor expectations. Despite the earlier indications of a demand slowdown from U.S. guests and shorter booking periods in Q2, a resurgence in demand trends and a return to normal booking durations contributed to the company's growth trajectory through Q3 and into the subsequent quarter.
Airbnb's third-quarter nights booked exceeded consensus expectations and aligned with those of the buy-side, with guidance suggesting even stronger performance in the fourth quarter. The expectation is now set for a compression of EBITDA margins by upwards of three percentage points leading into 2025.
Here are the latest investment ratings and price targets for $Airbnb (ABNB.US)$ from 4 analysts:
Note:
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