Barclays Downgrades Airbnb to Underweight, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mario Lu downgraded Airbnb (NASDAQ:ABNB) from Equal-Weight to Underweight and reduced the price target from $135 to $100, indicating a bearish outlook on the company's stock.
December 12, 2023 | 10:54 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays analyst Mario Lu downgraded Airbnb's stock from Equal-Weight to Underweight and cut the price target from $135 to $100, suggesting a negative sentiment towards ABNB's market valuation.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest lower confidence in the company's future performance. The reduction in price target further emphasizes the expectation of a lower market valuation for Airbnb.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100