What Analysts Are Saying About Airbnb Stock
Portfolio Pulse from Benzinga Insights
In the last three months, 18 analysts have published ratings on Airbnb (NASDAQ:ABNB), with a mix of bullish, somewhat bullish, indifferent, and somewhat bearish sentiments. The average 12-month price target has increased to $160.0, reflecting a 7.26% rise from the previous average. Analysts have adjusted their ratings and price targets in response to recent developments, with notable changes from firms like Wedbush, JP Morgan, Citigroup, and others. Airbnb's financial performance shows positive revenue growth but challenges in net margin, ROE, and ROA.
May 28, 2024 | 12:01 pm
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Airbnb (NASDAQ:ABNB) has received mixed ratings from analysts over the past three months, with an average 12-month price target of $160.0, reflecting a 7.26% increase. Analysts have adjusted their ratings and price targets in response to recent developments, indicating a cautious optimism. Despite strong revenue growth, Airbnb faces challenges in net margin, ROE, and ROA.
The increase in the average price target and the majority of analysts maintaining or raising their ratings suggest a positive short-term outlook for Airbnb. However, the company's challenges in profitability metrics may temper some of the optimism.
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