Evercore ISI Group Downgrades Airbnb to In-Line, Announces $136 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Mark Mahaney has downgraded Airbnb (NASDAQ:ABNB) from Outperform to In-Line and set a price target of $136.
November 17, 2023 | 9:58 am
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Airbnb's stock rating has been downgraded by Evercore ISI Group from Outperform to In-Line, with a price target of $136.
Downgrades by analysts can lead to a negative perception among investors and a potential decrease in stock price. The new price target, while potentially lower than the current trading price, provides a benchmark that could influence investor expectations and stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100