Shares of Airbnb Inc (NASDAQ:ABNB) rallied in early trading on Friday, after the company reported its fourth-quarter (Q4) results.
Here are the key analyst insights:
- Benchmark analyst Daniel Kurnos maintained a Buy rating, but cut the price target from $155 to $145.
- JPMorgan analyst Doug Anmuth reiterated a Neutral rating and price target of $130.
Check out other analyst stock ratings.
Benchmark: Airbnb delivered a “solid” quarterly beat and announced strong guidance, managing “to pull out their first relative win in several quarters,” Kurnos said in a note. The company reported its revenues and EBITDA higher than expectations by $70 million and $20 million, respectively, he added.
The analyst stated that the figures were not blockbuster but …