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

The upcoming solar eclipse on April 8 is expected to boost the U.S. economy by $1.5 billion, particularly benefiting businesses in the eclipse's path. Historical data shows a positive correlation between solar eclipses and the Dow Jones Industrial Average's performance, with the Dow ending higher in 10 out of 13 total solar eclipse years since 1900. Companies like Airbnb, Choice Hotels International, United Airlines, Alaska Airlines, Amazon, Walmart, and Target are experiencing increased demand due to the eclipse, with significant surges in bookings, occupancy rates, and sales of eclipse-related products.

Portfolio Pulse from Bibhu Pattnaik

April 06, 2024 | 4:40 pm

Tigress Financial analyst Ivan Feinseth has maintained a Buy rating on Airbnb (NASDAQ:ABNB) and increased the price target from $185 to $195.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:08 pm

Airbnb (NASDAQ:ABNB) has received mixed analyst ratings over the past three months, with a total of 20 analysts offering evaluations. The consensus shows a predominantly neutral stance, with recent adjustments in price targets reflecting a cautiously optimistic outlook. The average 12-month price target has been raised to $145.45, indicating a potential upside. Airbnb's financial performance shows solid revenue growth but challenges in profitability and efficiency metrics. The company's market position is strong, with significant scale and a robust market presence.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 1:00 pm

B. Riley Securities analyst Naved Khan initiates coverage on Airbnb (NASDAQ:ABNB) with a Neutral rating and a price target of $150.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:56 am

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Airbnb, Carnival Corporation, S&P Global, GE HealthCare Technologies, Apple, Amazon, Exxon Mobil, RH, Microsoft, and TD SYNNEX. The adjustments reflect varying expectations for these companies' future performance.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 4:32 pm

Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Airbnb (NASDAQ:ABNB) and raises the price target from $107 to $127.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:10 pm

Today's whale activity in the Consumer Discretionary sector highlighted significant options trading across several companies, indicating bullish or bearish sentiments based on the type of options traded (CALL or PUT) and their respective expiration dates. Notable companies include TSLA, AMZN, GM, W, LI, AAP, BABA, NKE, ABNB, and WING, with trades ranging from bullish call options in TSLA and BABA to bearish put options in GM and W.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 5:35 pm

Airbnb Inc (NASDAQ:ABNB), now valued at $105 billion, was once rejected by 7 investors who were offered a 10% stake for $150,000 in 2008. These investors did not see the potential in Airbnb's concept of short-term vacation rentals. The company went public in 2020 with a valuation of $47 billion. The rejected stake would be worth $10.5 billion today. Airbnb later received funding from Sequoia Capital and Y Combinator, with Y Combinator benefiting significantly from its growth.

Portfolio Pulse from Chris Katje

March 21, 2024 | 8:42 pm

Wall Street's most accurate analysts have made new stock picks, with notable mentions including Darden Restaurants (DRI) with an 8% upside, The GEO Group (GEO) with a 14% upside, Eagle Materials (EXP) with a 16% upside, Airbnb (ABNB) with a 5% surge, and Alta Equipment Group (ALTG) with a 99% upside. These picks come from analysts with high accuracy rates, ranging from 85% to 88%, and are based on recent financial results and contracts.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 11:57 am

DA Davidson analyst Tom White has reiterated a Neutral rating on Airbnb (NASDAQ:ABNB) and maintained a $145 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 8:39 am

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