Needham Reiterates Buy on Airbnb, Maintains $160 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Bernie McTernan has reiterated a 'Buy' rating on Airbnb (NASDAQ:ABNB) and maintained a price target of $160.
August 04, 2023 | 3:05 pm
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Airbnb's stock rating has been reiterated as 'Buy' by Needham analyst Bernie McTernan, with a maintained price target of $160.
The reiteration of a 'Buy' rating by a reputable analyst like Bernie McTernan indicates a positive outlook for Airbnb's stock. The maintained price target of $160 suggests that the analyst believes the stock is still undervalued, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100