On August 5, Airbnb, Inc. rose 3.47% in regular trading, trading at $152.92/share, with turnover of $40.81 million. The stock rallied as multiple investment banks raised their price targets ahead of the company's earnings report scheduled for August 6 after market close.
On the catalyst front, BofA Securities raised its price target on Airbnb from $150 to $160, while UBS adjusted its target from $157 to $163 maintaining a Neutral rating. Jefferies maintained its Buy rating with a $175 target. According to FactSet, the stock carries an average analyst rating of overweight with a mean price target of $157.36. Consensus estimates project quarterly revenue of $3.577 billion, up 17.83% year-over-year, and adjusted EPS of $1.25, up 33.46% year-over-year.
Within the Hotels, Resorts & Cruise Lines sector, the broader group traded higher. Among peers, Booking Holdings up 5.55%, Expedia up 3.01%, Marriott up 2.82%, Royal Caribbean Cruises up 0.97%, Carnival up 0.95%.
(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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