Wells Fargo Maintains Underweight on Airbnb, Raises Price Target to $127
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Airbnb (NASDAQ:ABNB) and raises the price target from $107 to $127.

April 01, 2024 | 4:10 pm
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Wells Fargo maintains an Underweight rating on Airbnb but raises the price target from $107 to $127.
The increase in price target from $107 to $127 by Wells Fargo suggests a positive outlook on Airbnb's valuation, despite maintaining an Underweight rating. This mixed signal could lead to short-term uncertainty among investors, as the raised target indicates potential upside, but the Underweight rating still suggests caution.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90