Airbnb shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $135 to $100.
Portfolio Pulse from Benzinga Newsdesk
Airbnb's stock (ABNB) trades lower following a downgrade by Barclays from Equal-Weight to Underweight, with a reduced price target from $135 to $100.
December 12, 2023 | 2:26 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays downgraded Airbnb from Equal-Weight to Underweight and lowered the price target from $135 to $100, indicating a bearish outlook.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook for the company's future performance. The reduction in price target further implies that the stock may be overvalued at its current price, leading to potential selling pressure.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100