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

U.S. stock markets ended Wednesday lower, with the S&P 500 down 0.8%, Nasdaq down 1.2%, and Dow Jones down 0.6%. Small-caps, tracked by the iShares Russell 2000 ETF (IWM), were the hardest hit, down 1.4%. The decline was driven by weak demand in the 10-year U.S. bond auction and significant debt issuance by leading companies. Major gainers in the S&P 500 included Fortinet (FTNT), Axon Enterprise (AXON), and Global Payments (GPN), while major laggards were Super Micro Computer (SMCI), Airbnb (ABNB), and Charles River Laboratories (CRL).

Portfolio Pulse from Piero Cingari

August 07, 2024 | 9:42 pm

TD Cowen analyst Kevin Kopelman maintains a Buy rating on Airbnb (NASDAQ:ABNB) but lowers the price target from $170 to $125.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:20 pm

Benchmark analyst Daniel Kurnos maintains a Buy rating on Airbnb (NASDAQ:ABNB) but lowers the price target from $190 to $155.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 7:05 pm

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Airbnb (NASDAQ:ABNB) but lowers the price target from $145 to $121.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:57 pm

Airbnb, Inc. (NASDAQ:ABNB) shares are trading lower after the company reported mixed second-quarter results and issued weak forward guidance. Revenue increased by 10.63% year-over-year, but earnings missed expectations. The company provided third-quarter revenue guidance below consensus estimates and expects a sequential moderation in growth. Several analysts have lowered their price targets for Airbnb following the earnings report.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 5:39 pm

The article highlights significant options activity for several consumer discretionary stocks, indicating potential trading opportunities. Notable mentions include TSLA, CMG, BABA, ABNB, AMZN, OLLI, TPR, LEN, LULU, and HD, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 5:35 pm

Deutsche Bank analyst Lee Horowitz maintains a Hold rating on Airbnb (NASDAQ:ABNB) but lowers the price target from $143 to $90.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:32 pm

B of A Securities has maintained a Neutral rating on Airbnb (NASDAQ:ABNB) but has lowered the price target from $160 to $132.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:15 pm

The U.S. stock market is poised for its second consecutive day of gains, driven by positive earnings reports and reassurances from the Bank of Japan. The U.S. dollar surged against the yen, and crude oil prices spiked due to a larger-than-expected drawdown in U.S. crude inventories. Major indices and ETFs saw gains, with energy stocks leading the way.

Portfolio Pulse from Piero Cingari

August 07, 2024 | 4:46 pm

B. Riley Securities has maintained a Neutral rating on Airbnb (NASDAQ:ABNB) but has lowered the price target from $150 to $140.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:38 pm

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