Barclays Maintains Underweight on Airbnb, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mario Lu has maintained an Underweight rating on Airbnb (NASDAQ:ABNB) but increased the price target from $100 to $110.
January 29, 2024 | 11:09 am
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Barclays analyst Mario Lu maintains an Underweight rating on Airbnb but raises the price target from $100 to $110.
While the increase in price target from $100 to $110 could be seen as a positive signal, the Underweight rating suggests that Barclays still has concerns about Airbnb's stock performance in the short term. The mixed message may lead to a neutral impact on the stock price as the market digests both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100