Wedbush Maintains Neutral on Airbnb, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt has maintained a Neutral rating on Airbnb (NASDAQ:ABNB) but increased the price target from $135 to $150. This adjustment reflects a more positive outlook on the company's valuation while not fully committing to a buy or sell recommendation.
January 30, 2024 | 5:14 pm
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POSITIVE IMPACT
Wedbush analyst Scott Devitt maintains a Neutral rating on Airbnb but raises the price target from $135 to $150, indicating a potential upside from the previous target.
The increase in price target by a reputable analyst suggests a more optimistic valuation of Airbnb's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst sees balanced risk and reward, tempering the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100