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

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Piper Sandler raised Workday's target and maintained an Overweight rating. Keybanc increased CrowdStrike's target and kept an Overweight rating. Raymond James cut argenx's target but kept a Strong Buy rating. Barclays raised Micron's target with an Overweight rating. HC Wainwright lifted Bitfarms' target and maintained a Buy rating. Telsey Advisory cut Leslie's target and kept a Market Perform rating. Jefferies lowered Airbnb's target and downgraded to Hold. Piper Sandler reduced Hershey's target and downgraded to Neutral. JP Morgan trimmed AvalonBay's target but upgraded to Neutral. Barclays increased NetApp's target with an Equal-Weight rating.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:46 pm

Jefferies analyst John Colantuoni has downgraded Airbnb (NASDAQ:ABNB) from Buy to Hold and reduced the price target from $155 to $140, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:11 am

Elon Musk's social media platform X is facing a potential loss of $75 million in ad revenue due to his support for an antisemitic post. Major advertisers like Disney and Warner Bros Discovery have paused their campaigns, and over 200 ad units from companies including Airbnb, Amazon, Coca-Cola, and Microsoft are reevaluating their strategies on X. The platform has seen a drop in U.S. ad revenue by at least 55% year-over-year each month since Musk's takeover. X has also filed a lawsuit against Media Matters for defamation.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 4:51 pm

Airbnb (NYSE:ABNB) has seen a decrease in short interest, with the short percent of float falling 5.01% since the last report. The company has 29.16 million shares sold short, representing 6.83% of available shares for trading. The current short interest is higher than the peer group average of 6.76%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 6:00 pm

Wanda Dench and Jamal Hinton, known as 'Thanksgiving Grandma' and her honorary grandson, have partnered with Airbnb Inc (NASDAQ:ABNB) to host a Thanksgiving dinner, with proceeds going to Feeding America. The event includes an overnight stay at Dench's home and activities like taking selfies and playing board games. The booking is priced at $16, commemorating the start of their friendship in 2016. Their story of accidental connection has gained popularity on social media.

Portfolio Pulse from Bibhu Pattnaik

November 21, 2023 | 8:27 pm

Airbnb (NASDAQ:ABNB) is evaluated against its peers in the Hotels, Restaurants & Leisure industry. With a P/E ratio of 15.78, P/B ratio of 9.11, and P/S ratio of 9.01, Airbnb is potentially undervalued based on earnings and book value but could be overvalued relative to sales. Its ROE of 12.56% is below the industry average, indicating possible inefficiency. However, Airbnb's EBITDA of $1.69 billion and gross profit of $2.94 billion are significantly above the industry average, showing strong profitability. The company's revenue growth of 18.06% is lower than the industry average. Airbnb's lower debt-to-equity ratio of 0.46 suggests a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:00 pm

Sam Altman has been ousted from OpenAI, a company he co-founded, in a move that has shocked Silicon Valley. The ouster may be due to a 'misalignment' of profit versus nonprofit goals within the company, a point of contention that Elon Musk, another co-founder, has criticized, particularly OpenAI's pivot to a for-profit model under Microsoft's influence. OpenAI's recent Dev Day event, where new features like GPT-4 Turbo were announced, may have been a catalyst for the ouster. High-profile tech CEOs have expressed their support for Altman, while Microsoft reaffirms its commitment to OpenAI. The future direction of OpenAI and its impact on the AI industry is now uncertain.

Portfolio Pulse from Rounak Jain

November 18, 2023 | 6:00 am

Over the last quarter, Airbnb (NASDAQ:ABNB) received 10 analyst ratings with an average 12-month price target of $136.8, a decrease of 2.11% from the previous target of $139.75. The ratings include 2 bullish, 1 somewhat bullish, 6 indifferent, 1 somewhat bearish, and 0 bearish. Analysts rate stocks typically once per quarter and provide insights such as earnings, revenue, and growth estimates.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 12:00 pm

Evercore ISI Group analyst Mark Mahaney has downgraded Airbnb (NASDAQ:ABNB) from Outperform to In-Line and set a price target of $136.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:58 am

Airbnb, Inc. (NASDAQ:ABNB) shares rose after the company announced the acquisition of GamePlanner.AI, an AI firm co-founded by Siri's co-founder Adam Cheyer. The deal, valued at just under $200 million, is Airbnb's first acquisition since 2019 and signals a potential shift in the company's M&A strategy. Cheyer and Siamak Hodjat, both with notable backgrounds at Apple and Samsung, are expected to help Airbnb develop advanced AI interfaces and applications.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 7:40 pm

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