Jefferies Downgrades Airbnb to Hold, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Colantuoni has downgraded Airbnb (NASDAQ:ABNB) from Buy to Hold and reduced the price target from $155 to $140, indicating a more cautious outlook on the company's stock.
November 29, 2023 | 10:11 am
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Airbnb's stock may face short-term pressure after Jefferies downgraded the stock from Buy to Hold and lowered the price target to $140.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a decrease in stock price. The reduction in price target further suggests that the expected future performance of the company may not be as strong as previously anticipated.
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