Airbnb Poised To Win From Economic Reopening: How Network Effects Drive Growth And Margin Upside
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Bernie McTernan has reiterated a Buy rating on Airbnb, Inc. (NASDAQ:ABNB), raising the target price to $160 from $150. The analyst is optimistic about Airbnb's positioning to benefit from the reopening of the economy and pent-up demand for travel. Revenue estimates for 2Q and FY23 have been raised, and the company is expected to see organic bookings accelerate. ABNB shares are trading higher by 2.93% to $135.57.
July 11, 2023 | 6:45 pm
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POSITIVE IMPACT
Airbnb's stock is expected to benefit from the economic reopening and pent-up travel demand. The company's revenue estimates have been raised and organic bookings are expected to accelerate.
The analyst's positive outlook on Airbnb, along with the raised target price and revenue estimates, indicate a strong potential for growth. The company's positioning to benefit from the economic reopening and pent-up travel demand is expected to drive its stock price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100