These Analysts Slash Their Forecasts On Airbnb After Weak Q2 Earnings
Portfolio Pulse from Avi Kapoor
Airbnb (NASDAQ:ABNB) reported weaker-than-expected Q2 earnings and issued lower-than-expected Q3 revenue guidance. Despite a 10.63% increase in sales, the company's EPS missed estimates. Analysts have subsequently lowered their price targets for the stock.
August 07, 2024 | 1:03 pm
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Airbnb reported weaker-than-expected Q2 EPS and issued lower-than-expected Q3 revenue guidance. Despite a 10.63% increase in sales, the company's EPS missed estimates. Analysts have lowered their price targets for the stock.
The weaker-than-expected Q2 EPS and lower Q3 revenue guidance are likely to negatively impact investor sentiment. Additionally, the reduction in price targets by analysts suggests a bearish outlook in the short term.
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