Wells Fargo Maintains Underweight on Airbnb, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Airbnb (NASDAQ:ABNB) and lowers the price target from $129 to $100.
August 07, 2024 | 2:22 pm
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Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Airbnb and lowers the price target from $129 to $100.
The Underweight rating and lowered price target from $129 to $100 by Wells Fargo suggest a bearish outlook on Airbnb's stock. This is likely to negatively impact the stock price in the short term as investors react to the downgrade.
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