Airbnb downgraded as 'valuation remains expensive'

Investing.com11-12

Investing.com -- Phillip Capital downgraded Airbnb to Reduce from Neutral on Tuesday, citing high valuations and limited near-term upside due to rising operational costs. While Airbnb reported strong ...

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However, the firm expects adjusted EBITDA margins to contract by approximately 600 basis points due to higher investments, bringing the margin down to 27%.\nLooking forward to 2025, Phillip Capital noted that Airbnb’s “aggressive investment strategy” in expanding market presence and product development will likely limit margin growth, making it challenging for the company to justify its current high valuation.Phillip Capital maintains a price target of $120 on the stock, reflecting its cautious outlook on Airbnb’s valuation.\nRelated Articles\nAirbnb downgraded as 'valuation remains expensive'\nNovavax cuts 2024 revenue forecast again on lower COVID vaccine sales\nCiti shuffles transportation stock ratings after post-election sector rally","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482022897"}