Airbnb, Inc. (ABNB) is valued at $79.6 billion, providing lodging across 190+ countries. Stock performance lags behind S&P 500, down 3.3% YTD. ABNB also underperformed XLY ETF, which surged 5.1% in the past 52 weeks.
Q3 results show revenue up 9.7% to $4.1 billion, GBV up 13.9% to $22.9 billion. EPS increased 3.8% to $2.21 but missed estimates. Analysts expect EPS to grow 1% to $4.15 for the fiscal year.
Consensus rating for ABNB is a “Moderate Buy,” based on 40 analysts. Configuration is more bullish than a month ago, with an overall “Hold” rating.
AllianceBernstein Holding L.P. analyst maintains a “Buy” rating on ABNB with a price target of $162, indicating a 23.4% potential upside from current levels.
Read more at Yahoo Finance: What Are Wall Street Analysts’ Target Price for Airbnb Stock?
