TD Cowen Maintains Buy on Airbnb, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Kevin Kopelman maintains a Buy rating on Airbnb (NASDAQ:ABNB) but lowers the price target from $180 to $170.

May 09, 2024 | 4:04 pm
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TD Cowen maintains a Buy rating on Airbnb but lowers the price target from $180 to $170.
While the maintenance of a Buy rating indicates continued confidence in Airbnb's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests any impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100