This Is What Whales Are Betting On Airbnb
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Airbnb (NASDAQ:ABNB), with 52% of the investors opening trades with bearish expectations. The majority of the trades spotted are puts, amounting to $2,329,763, compared to calls amounting to $670,129. Whales have been targeting a price range from $100.0 to $160.0 for Airbnb over the last 3 months. The current price of ABNB is down -1.68% at $133.68. Analysts from Mizuho, Wells Fargo, Credit Suisse, Needham, and Baird have maintained their ratings on Airbnb, with price targets ranging from $114 to $165.
August 11, 2023 | 8:45 pm
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Bearish sentiment among investors and a majority of trades being puts could potentially impact Airbnb's stock negatively in the short term. Analysts' price targets range from $114 to $165.
The bearish sentiment among investors, indicated by the majority of trades being puts, suggests a potential downward pressure on Airbnb's stock price. However, the price targets set by analysts range from $114 to $165, indicating a potential for both decrease and increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100