.Friday, September 13, 2024 09:16 AM

Mizuho analysts have lowered their price target for Airbnb (NASDAQ:ABNB) to $170 from $175 while maintaining an Outperform rating. Factors influencing the revised target include projected 8% room night growth for Q4 2024, potential deferral in advertising spending to prioritize affordability and quality, and market expansion plans for fiscal 2025. Despite near-term estimate revisions, analysts are bullish on Airbnb’s long-term potential due to low market penetration and growth opportunities in Experiences and Advertising.