Movement Alert|Airbnb, Inc. Rises 3.02% in Regular Trading, Multiple Analyst Upgrades Continue to Lift Shares Post-Earnings

Market Focus08-18 22:27

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment