Wells Fargo Maintains Underweight on Airbnb, Raises Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Airbnb (NASDAQ:ABNB) but raises the price target from $100 to $102.
October 08, 2024 | 12:57 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Airbnb but slightly raises the price target from $100 to $102, indicating a cautious outlook with a minor positive adjustment.
The Underweight rating suggests a cautious stance on Airbnb's stock, indicating that the analyst expects it to underperform relative to the market. However, the slight increase in the price target from $100 to $102 suggests a minor positive adjustment in expectations, possibly due to recent developments or market conditions. This mixed signal results in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100