This Is What Whales Are Betting On Airbnb
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 56% of investors opening trades with bearish expectations. The targeted price range for Airbnb over the last 3 months is $110.0 to $170.0. The current price of ABNB is $152.99, down by 0.22%. Analysts from Keybanc, Morgan Stanley, B of A Securities, Jefferies, and Barclays have maintained their ratings on Airbnb with varying price targets.
July 31, 2023 | 4:46 pm
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Airbnb has seen a bearish stance from a significant investor, with a targeted price range of $110.0 to $170.0. The current price is $152.99, down by 0.22%.
The bearish stance taken by a significant investor, along with the majority of investors opening trades with bearish expectations, indicates a potential downward pressure on Airbnb's stock price in the short term. The current price is also within the targeted price range, further supporting this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100