On August 18, Airbnb, Inc. rose 3.02% in regular trading, trading at $184.71/share, with turnover of $116 million. The stock continued its upward momentum as multiple Wall Street firms raised price targets following a strong Q2 earnings report.
On the news front, Jefferies raised its price target on Airbnb from $175 to $215 while maintaining a Buy rating, marking the latest in a wave of analyst upgrades. Wedbush upgraded the stock to Outperform from Neutral and lifted its target to $200, while UBS raised its target to $172 and BMO raised to $165. The upgrades follow Airbnb's Q2 results released on August 7, which beat across the board — revenue came in at $3.61 billion versus the $3.58 billion consensus, EPS of $1.37 significantly exceeded the $1.26 estimate, and net income rose 27% year-over-year to $816 million. The company also issued Q3 revenue guidance of $4.69-$4.77 billion, above the $4.61 billion Street estimate, supported by global travel demand and World Cup tailwinds.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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