What's Going On With Airbnb Stock Today?
Portfolio Pulse from Adam Eckert
Airbnb Inc (NASDAQ:ABNB) shares dropped following Q4 financial results, despite beating revenue estimates with $2.22 billion and reporting adjusted earnings of $0.76 per share. The company also announced a $6 billion share repurchase program. Analyst reactions were mixed, with DA Davidson downgrading the stock to Neutral and setting a price target of $145, while Needham maintained a Buy rating and raised the price target to $160.
February 14, 2024 | 2:31 pm
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NEGATIVE IMPACT
Airbnb's stock fell after Q4 results, despite beating revenue estimates and announcing a $6 billion share repurchase. Mixed analyst ratings followed.
The drop in Airbnb's stock price, despite positive Q4 financial results and a significant share repurchase program, indicates market concerns or unmet expectations. The mixed analyst ratings, with one downgrade and one price target increase, further contribute to uncertainty about the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100