Airbnb Q3: Double-Digit Revenue And Booking Growth, Reiterating 'Strong Buy'
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Airbnb has reported a 10% growth in both revenue and gross booking value for Q3, supported by investments in customer service and the Co-Host network. The global travel market recovery is expected to further benefit Airbnb's growth, leading to a reiterated 'Strong Buy' rating with a target price of $200 per share.
November 08, 2024 | 3:00 am
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Airbnb reported a 10% growth in revenue and bookings for Q3, driven by investments in customer service and the Co-Host network. The global travel market recovery is expected to support further growth, leading to a 'Strong Buy' rating with a $200 target price.
The 10% growth in revenue and bookings indicates strong performance and effective investments in customer service and the Co-Host network. The global travel market recovery is a positive indicator for Airbnb's future growth, justifying the 'Strong Buy' rating and $200 target price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100