Morgan Stanley Maintains Underweight on Airbnb, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has maintained an Underweight rating on Airbnb (NASDAQ:ABNB) and lowered the price target from $110 to $105.
November 02, 2023 | 4:01 pm
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Airbnb's price target has been lowered from $110 to $105 by Morgan Stanley, which maintains an Underweight rating on the stock.
The lowering of the price target by a major financial institution like Morgan Stanley indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100