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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100