Morgan Stanley Maintains Underweight on Airbnb, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has maintained an Underweight rating on Airbnb (NASDAQ:ABNB) and raised the price target from $100 to $110.
August 18, 2023 | 12:51 pm
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Airbnb's price target has been raised from $100 to $110 by Morgan Stanley, though the rating remains Underweight.
While the increase in price target indicates a positive outlook, the Underweight rating suggests that Morgan Stanley believes the stock may underperform compared to other stocks in the market. This could lead to mixed reactions in the market, potentially keeping the stock price stable in the short term.
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