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

Needham analyst Bernie McTernan has reiterated a Buy rating on Airbnb, Inc. (NASDAQ:ABNB), raising the target price to $160 from $150. The analyst is optimistic about Airbnb's positioning to benefit from the reopening of the economy and pent-up demand for travel. Revenue estimates for 2Q and FY23 have been raised, and the company is expected to see organic bookings accelerate. ABNB shares are trading higher by 2.93% to $135.57.

Portfolio Pulse from Nabaparna Bhattacharya

July 11, 2023 | 6:45 pm

Benzinga's options activity scanner has identified significant options activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Rivian (RIVN), NIO (NIO), Carter's (CRI), Helen of Troy (HELE), Parsons (PSNY), XPO Logistics (XPOF), Airbnb (ABNB), Lennar (LEN), and Home Depot (HD). The options activity ranges from bullish to bearish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:38 pm

A significant bearish stance has been taken on Airbnb (NASDAQ:ABNB) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $90.0 to $170.0 for Airbnb over the last 3 months. Needham has maintained their Buy rating on Airbnb, with a price target of $160.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:02 pm

Airbnb bookings have declined in cities like Austin and San Francisco, causing concerns over a potential 'doom loop'. Revenues are reportedly down nearly 50% in cities like Phoenix and Austin, according to Reventure Consulting. However, Airbnb and AirDNA dispute these figures, stating that the decline is not as severe. The decline in bookings is attributed to the end of pandemic-era migration and a decrease in the number of people working from home. The San Francisco Standard reported a 29% decrease in nights stayed in vacation rentals in San Francisco in May 2023 compared to May 2019.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 1:42 pm

Several US-listed companies have had their price targets adjusted by various analysts. Keybanc raised NVIDIA's price target from $500 to $550, while Credit Suisse lowered FMC Corporation's target from $120 to $101. Other companies with adjusted targets include Snowflake, Blackstone, XPO, HCA Healthcare, CSX Corporation, Marathon Petroleum, Apple, JPMorgan Chase, and Airbnb.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 11:59 am

The S&P 500 settled higher on Monday after a 1.2% loss last week due to the addition of 209,000 jobs in June. Icahn Enterprises L.P. (NASDAQ:IEP) shares gained over 20% after Carl Icahn amended loan agreements. Big banks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Company (NYSE:WFC) will release earnings on Friday. The Nasdaq 100 rose 0.06% despite losses in shares of Adobe Inc (NASDAQ:ADBE) and Airbnb Inc (NASDAQ:ABNB). The CBOE Volatility Index (VIX) rose 1.6%.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 9:46 am

Needham analyst Bernie McTernan maintains a 'Buy' rating on Airbnb (NASDAQ:ABNB) and raises the price target from $150 to $160.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 9:28 am

Benzinga's options activity scanner has identified unusual trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Rivian (RIVN), Caesars Entertainment (CZR), Chegg (CHGG), Carter's (CRI), Carvana (CVNA), Lucid Group (LCID), Li Auto (LI), Airbnb (ABNB), and New Oriental Education & Technology Group (EDU). The scanner tracks large transactions, known as 'whale alerts', which can indicate the sentiment of large investors and potentially predict market movements.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:39 pm

The U.S. consumer price index (CPI) inflation report for June is set to be released on Wednesday. Economists anticipate the annual U.S. headline inflation rate to drop from 4% to 3.1%, marking the 12th consecutive month of declines. The core CPI is expected to decline from 5.3% to 5%. The market remains uncertain about the possibility of two rate hikes this year. Previous CPI readings have impacted various stocks and ETFs.

Portfolio Pulse from Piero Cingari

July 10, 2023 | 1:36 pm

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 6:31 pm

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