Streetbeat News

ABNB

Airbnb, Inc.

https://www.airbnb.com

Industry

Travel Services

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.

Open

134.20

Mkt cap

84B

Volume

4.7M

High

134.53

P/E Ratio

46.01

52-wk high

170.10

Low

131.32

Div yield

N/A

52-wk low

110.38

Smart money investors have shown a bearish stance on Airbnb (NASDAQ:ABNB), with options trading activity indicating a split sentiment of 37% bullish and 50% bearish. The major market movers are targeting a price band between $155.0 and $175.0 for ABNB. The trading volume and open interest analysis for the last 30 days reveal significant options activity, including both calls and puts, with a notable put for $34,850 and calls totaling $357,518. Airbnb's current trading volume is 387,505, with a price increase of 1.3% to $161.79, and an earnings announcement is expected in 2 days.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:31 pm

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like TSLA, TJX, HOG, BABA, CVNA, CAVA, ABNB, KSS, AMZN, and FL. This options activity could suggest market expectations and investor strategies regarding these stocks.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 5:35 pm

Airbnb CEO Brian Chesky highlighted the Asia-Pacific region as having the greatest growth potential for the company. In an interview with Nikkei, Chesky discussed Airbnb's focus on spreading out travel to combat over-tourism and connecting Chinese tourists with global listings. The company also introduced new features like Icons, offering unique stays such as a re-creation of the floating house from 'Up'.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:12 pm

The U.S. labor market in April showed signs of cooling, with nonfarm payrolls and wage growth both missing expectations. This has led to increased optimism for potential interest rate cuts later this year, impacting Treasury yields, the U.S. dollar index, and futures on U.S. major averages positively.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 12:37 pm

Nationwide pro-Palestine protests at U.S. universities have led to hundreds of arrests, with students demanding divestment from companies benefiting from Israel's actions in Gaza and the West Bank. Companies like Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), ASML Holding (ASML), Boeing (BA), Amazon.com (AMZN), and Airbnb (ABNB) are mentioned in relation to these divestment calls. The protests aim to pressure Israel into a cease-fire and have sparked significant controversy and media attention.

Portfolio Pulse from Natan Ponieman

April 25, 2024 | 9:12 pm

Mizuho Securities analyst James Lee upgraded Airbnb Inc (NASDAQ:ABNB) from Neutral to Buy, raising the price target from $150 to $200. Lee highlights the potential for Airbnb to leverage AI in disrupting the OTA industry and sees sponsored listings as offering a significant long-term EBITDA upside. Despite a reduction in room night growth expectations for 2024, Lee believes Airbnb can outperform due to factors like the Summer Olympics and higher hotel prices.

Portfolio Pulse from Priya Nigam

April 24, 2024 | 4:16 pm

Analyst ratings for Airbnb (NASDAQ:ABNB) over the last three months show diverse opinions, with a recent shift towards more positive evaluations. The average 12-month price target has increased to $153.33 from $136.62, indicating a bullish outlook from some analysts. Airbnb's financial performance shows solid revenue growth but challenges in profitability and asset utilization. The company's market capitalization and growth rate are above industry averages, yet it struggles with net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:00 pm

Airbnb's stock price is on the rise following an upgrade from Mizuho, moving from Neutral to Buy, with a new price target set at $200, up from $150.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:41 am

Mizuho analyst James Lee upgrades Airbnb (NASDAQ:ABNB) from Neutral to Buy and raises the price target from $150 to $200.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:27 am

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