Airbnb (NASDAQ:ABNB) Price Target Raised to $175.00

by · The Cerbat Gem

Airbnb (NASDAQ:ABNB – Free Report) had its price objective increased by DA Davidson from $162.00 to $175.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on ABNB. The Goldman Sachs Group set a $170.00 target price on Airbnb in a report on Tuesday, July 28th. Barclays upped their price objective on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Morgan Stanley boosted their target price on shares of Airbnb from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, July 30th. Wells Fargo & Company raised their price target on shares of Airbnb from $181.00 to $186.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Canaccord Genuity Group set a $200.00 price objective on shares of Airbnb in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.97.

Get Our Latest Stock Analysis on Airbnb

Airbnb Stock Performance

NASDAQ ABNB opened at $178.07 on Friday. The firm’s fifty day moving average price is $143.98 and its two-hundred day moving average price is $135.89. The stock has a market cap of $107.32 billion, a PE ratio of 40.47, a PEG ratio of 1.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb has a fifty-two week low of $110.81 and a fifty-two week high of $178.48.

Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the company earned $1.03 EPS. Airbnb’s revenue was up 16.3% compared to the same quarter last year. On average, equities analysts expect that Airbnb will post 4.97 EPS for the current fiscal year.

Insider Activity

In related news, Director Kenneth I. Chenault sold 8,346 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $150.00, for a total value of $1,251,900.00. Following the transaction, the director owned 40,879 shares in the company, valued at $6,131,850. The trade was a 16.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $145.70, for a total transaction of $38,610,500.00. Following the completion of the transaction, the director owned 1,828,518 shares in the company, valued at approximately $266,415,072.60. The trade was a 12.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,405,329 shares of company stock valued at $334,175,423. Company insiders own 27.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ABNB. Transamerica Financial Advisors LLC boosted its position in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its stake in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new position in shares of Airbnb during the 3rd quarter worth approximately $27,000. 80.76% of the stock is owned by institutional investors.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

  • Positive Sentiment: Analyst optimism increased: DA Davidson raised its price target from $162 to $175 and upgraded Airbnb to “Buy.” While the target is modestly below the recent share price, the rating change signals improved confidence in the company’s outlook. Benzinga analyst action
  • Positive Sentiment: Wedbush also upgraded Airbnb, adding to the favorable analyst sentiment surrounding the stock. Airbnb upgraded at Wedbush
  • Positive Sentiment: Airbnb recently reached a new one-year high after reporting better-than-expected earnings, reflecting investor enthusiasm over its operating performance. Airbnb sets new one-year high
  • Positive Sentiment: Investors have also been encouraged by an improved revenue forecast and potential benefits from artificial-intelligence initiatives. The company’s asset-light marketplace, more than 9 million listings and global reach remain key long-term attractions. Airbnb revenue forecast and AI initiatives
  • Positive Sentiment: Unusually large trading activity in Airbnb call options suggests that some traders are positioning for further gains, though options activity is not a guarantee of future performance. Airbnb call options activity
  • Neutral Sentiment: Analysts have issued mixed target changes, including targets of $160, $170 and $190. The $190 target implies additional upside, while the lower targets highlight valuation concerns after the recent rally. Airbnb price target raised to $190 Airbnb price target raised to $160
  • Neutral Sentiment: Recent comparison articles favor Airbnb’s scalable marketplace model but do not represent new company-specific developments or formal analyst actions. Airbnb versus McDonald’s

About Airbnb

(Get Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

Recommended Stories